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The Really Useless Thread

  • #150,481
  • Apr 26, 2017 7:39am Apr 26, 2017 7:39am
Quoting sisse
Today we'll pretty much kill DT expectations move leg and we'll shift to 'trade the fact' environment on the US fiscal side.
Sounds like a recipe for flatline to slow grind up for US equities. Q1 earnings have been strong and stocks will prolly keep riding that wave for the next week. Trump tax ideas are likely nothing new, have been discussed before, and will run into resistance in the GOP, since they will blow up the deficit. Sweet ideas for WS though and just the repeat rumor could be enough to continue the Trump rally, which will run into the final relief rally in the EZ with the glorious defeat of Le Pen, saving Europe and making the World safe for globalization and Multiculturalism. I see no reason why risk assets can not continue to go up Forever....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #150,482
  • Apr 26, 2017 7:42am Apr 26, 2017 7:42am
Quoting gatorinla
{quote} about like that. thats how u make 15/ 16% risking 1%.. if it went further in a trend situation.. than more could be made.. a years pay at times+. small setups put you in charge when they work within larger a setup.... {image}
Yayyy yayyy, what a super live call. Man i wish i could trade with such R:R. You taking on apprentices at all
  • #150,483
  • Apr 26, 2017 7:43am Apr 26, 2017 7:43am
Quoting Deitreider
I for one am under no illusions that I could mimic what Gatorinla is doing with consistency.
Me niether. I tried. If I had to put it in these terms I think I probably had/have a 35% understanding of some of the methods gator uses (thats a liberal estimate). I had a 1000% return on my account one year and lost all of that return (no exaggeration) the next year and ended up at square one, then showed up here in search of consistency. Thats not a comment on how effective anyones method is or isnt.
At that time I wrote here that even if you are using the same paint, brush and canvas it does not make you Picasso.
Thats the real illusion of quick easy money in this. The idea that you can pick up a method (like sisse's, gators, Fool's or anyone's), skip the years of asstime with all the successes and failures it took to perfect its application and learn its strengths and weaknesses, and get right to the finish line (consistency).
  • #150,484
  • Apr 26, 2017 7:46am Apr 26, 2017 7:46am
Everything is live-streamed on youtube anymore.....this was last night off the coast of Cali....
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #150,485
  • Apr 26, 2017 7:49am Apr 26, 2017 7:49am
Do any1 know the tax plan timing

Edit : got it Tax announcement due around 6.30pm BST

Source Guardian
Re-Incarnated
  • #150,486
  • Apr 26, 2017 7:52am Apr 26, 2017 7:52am
Quoting sisse
{quote} -> Markets trade primarily expectations not facts. Only unaware retail and laggers will wait for the fact to start taking a side. -> Even in non market/non economic scheduled news (lately a few with Brexit, DT and France), smart money align or hedge based on odds and expectations way before the actual fact. -> The money, the consistent money, is in the expected value and outcomes not in waiting for a single report or news to trade. Thats one of the biggest myths, confusion and actual huge handicaps in retail trading. They only see markets...
For a bloke who can't even show his account, You talk a lot of crap . All theory where is your real life account ??
  • #150,487
  • Apr 26, 2017 7:53am Apr 26, 2017 7:53am
...we are getting first confirmation from the US right before the open. All in expectations so far business tax at 15% details coming in a few.

This is a dramatic tax cut and it will be extremely hard to explain the details on how to achieve it without bankrupting the US.

Devils in the details and DT will need more than magic and a tweet to explain this one. Very positive short term reaction is expected on the headline but we already have digested 90% of the DT move since November, however if this come with a technical and legal flop in the details is extremely negative for the US in the MT and LT.

Eyes on the open and ears on the WH.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,488
  • Apr 26, 2017 7:54am Apr 26, 2017 7:54am
Quoting sisse
{quote} -> Markets trade primarily expectations not facts. Only unaware retail and laggers will wait for the fact to start taking a side. -> Even in non market/non economic scheduled news (lately a few with Brexit, DT and France), smart money align or hedge based on odds and expectations way before the actual fact. -> The money, the consistent money, is in the expected value and outcomes not in waiting for a single report or news to trade. Thats one of the biggest myths, confusion and actual huge handicaps in retail trading. They only see markets...
we can burn all the books, myths, facts, they are all subjective. the market always leads. the people writing the autopsy after the fact are considered experts. the only real measurement is numbers in a account growing. books are great.. but if we all have, use the same education. we all tend to think the same. we put blinders on a mule so he cant see whats happening around him. although the mule can't see it. lots of other things are going on. anyway, good debate.. i have to check on something..
those who can, do. those who cant, talk about those who can
  • #150,489
  • Apr 26, 2017 7:59am Apr 26, 2017 7:59am
There is a thread for gators calls, it's gator's thread.

There is a thread for sisse's teaching, it's this thread.

Pip-miner, we are going to play a game- it's called how many times I can ban you before 1. you fuck off, or 2. I get banned from the forums.
  • #150,490
  • Edited 8:14am Apr 26, 2017 8:04am | Edited 8:14am
@goose, if you check the trump candle mofu you and I have been watching, we bounced off he upper mofu. I took a short here for (hopefully) gap closure and/or to mitigate my DD from the last midterm trade.

Looking to close with either a scratch midterm, or profit @ the closure of the gap with a bit running for our previous 1.05xx target. Got to admit I'm no longer very interested in trading for the 1.03 handle or below..unless Le Pen wins. Thinking out loud here, but although mid term is tracking the final trigger for 1.03 handle and/or below- looks like that trigger is fast fading. Trump is getting in the way of the dollar specifically, EURO* is looking up....seems like the hawkish rhetoric from Draghi is just around the corner
  • #150,491
  • Apr 26, 2017 8:12am Apr 26, 2017 8:12am
Quoting sisse
...we are getting first confirmation from the US right before the open. All in expectations so far business tax at 15% details coming in a few. This is a dramatic tax cut and it will be extremely hard to explain the details on how to achieve it without bankrupting the US. Devils in the details and DT will need more than magic and a tweet to explain this one. Very positive short term reaction is expected on the headline but we already have digested 90% of the DT move since November, however if this come with a technical and legal flop in the details...
yeah but we knew this november 21.. we all knew "its was gonna be great". we knew taxes were going down etc. this week we know the french may stay in.. DT pump and tax may already be baked in.. the announcement is nothing we didnt know.. just the opposite, he has less leverage now than b4..
those who can, do. those who cant, talk about those who can
  • #150,492
  • Apr 26, 2017 8:14am Apr 26, 2017 8:14am
Quoting Pharm0r
@goose, if you check the trump candle mofu you and I have been watching, we bounced off he upper mofu. I took a short here for (hopefully) gap closure and/or to mitigate my DD. Looking to close with either a scratch midterm, or a bit of profit @ the closure of the gap with a bit running for our previous 1.05xx target. No longer interested in trading for the 1.03 handle or below. Trump is throwing too many wrenches in the dollar game plan for my taste.
I did notice that bounce. Had the same thought about a short entry there when i saw it.
At the moment after making a full on rookie mistake or two, I am flat and "regrouping" (I hate that word) and trying on a different perspective with TA. Demo for now cuz it's fresh to me. Just like I was just blabbing on about going into mofu half-cocked some years ago, I've been going into PA the same way recently. I'm looking for a mid term short entry but probably won't trade it fo' reals because I need a reset so to speak. GL with that plan. It looks like a good one to me.
  • #150,493
  • Apr 26, 2017 8:18am Apr 26, 2017 8:18am
Quoting Pharm0r
There is a thread for gators calls, it's gator's thread. There is a thread for sisse's teaching, it's this thread. Pip-miner, we are going to play a game- it's called how many times I can ban you before 1. you fuck off, or 2. I get banned from the forums.
dont get panties in a wad. i respect sissy. him and i have done this for years. we both have the same goal.. we just disagree on way to get there.. i like to incorporate both..
those who can, do. those who cant, talk about those who can
  • #150,494
  • Apr 26, 2017 8:18am Apr 26, 2017 8:18am
Quoting gatorinla
{quote} yeah but we knew this november 21.. we all knew "its was gonna be great". we knew taxes were going down etc. this week we know the french may stay in.. DT pump and tax may already be baked in.. the announcement is nothing we didnt know.. just the opposite, he has less leverage now than b4..
Gator, what do you think about this (USDJPY)?

After 111.71 was hit, we may expect visit of 109.32 to close the gap...
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  • #150,495
  • Apr 26, 2017 8:24am Apr 26, 2017 8:24am
Quoting Pip-Miner
{quote} For a bloke who can't even show his account, You talk a lot of crap . All theory where is your real life account ??
hey man, do me a favor....shut the hell up one time....thanks...
Look Sharp/Trade Tight
  • #150,496
  • Apr 26, 2017 8:25am Apr 26, 2017 8:25am
Quoting jaxx80
{quote} Gator, what do you think about this (USDJPY)? After 111.71 was hit, we may expect visit of 109.32 to close the gap... {image}
see if it closes above below 111.49 or above 111.62.. atm its fighting R ..
those who can, do. those who cant, talk about those who can
  • #150,497
  • Apr 26, 2017 8:26am Apr 26, 2017 8:26am
enjoy your tuna jackass...
Look Sharp/Trade Tight
  • #150,498
  • Apr 26, 2017 8:29am Apr 26, 2017 8:29am
Quoting goosebone
{quote} I did notice that bounce. Had the same thought about a short entry there when i saw it. At the moment after making a full on rookie mistake or two, I am flat and "regrouping" (I hate that word) and trying on a different perspective with TA. Demo for now cuz it's fresh to me. Just like I was just blabbing on about going into mofu half-cocked some years ago, I've been going into PA the same way recently. I'm looking for a mid term short entry but probably won't trade it fo' reals because I need a reset so to speak. GL with that plan. It looks...
I hear you, whatever you feel is best. I didn't call the trade as I view this thread as a fundamental analytics tool, not a trade calling tool. You could always trade less $...for me demo was meh. Trading with a few hundred at a bucket shop seemed to help me more than a demo. Or trading insignificant amounts of money on a large account (like .01 lots on $10k acct). Just throwing suggestions out there
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  • #150,499
  • Apr 26, 2017 8:31am Apr 26, 2017 8:31am
Quoting gatorinla
{quote} dont get panties in a wad. i respect sissy. him and i have done this for years. we both have the same goal.. we just disagree on way to get there.. i like to incorporate both..
I'm aware, no issues or problems here. You and sisse have annoyed me plenty, as I'm sure I have done in return
  • #150,500
  • Apr 26, 2017 8:34am Apr 26, 2017 8:34am
Quoting Pharm0r
{quote} I'm aware, no issues or problems here
sissy and i would have been on the same page if not for usdx 101.52
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those who can, do. those who cant, talk about those who can
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