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The Really Useless Thread

  • #150,621
  • Apr 27, 2017 11:59am Apr 27, 2017 11:59am
Quoting goosebone
{quote} Still only 1 check on my wishlist. Need to close under 86x to get interesting. Check that conversation I sent you about the rejection and what makes a real one. Sisse opened my eyes a lot in that part of it.
right, as I said...only 10 pips away homeboy
  • #150,622
  • Apr 27, 2017 12:32pm Apr 27, 2017 12:32pm
Quoting jaxx80
{quote} Will you put a pending at 1.0902 or you will wait for the price reaction?
i had one and canceled it..,, playing it by ear some. 1.1316 is valid. so i prefer to be cautious some. plus most my trades this year were on the other side of norm.... mid week Lx2 at 0898... so i could do 0902 with a tight one. it's always a chance.. um at 0908.. its decently close for a scalp that may run .. if um held it..
those who can, do. those who cant, talk about those who can
  • #150,623
  • Apr 27, 2017 12:58pm Apr 27, 2017 12:58pm
Quoting jaxx80
{quote} Will you put a pending at 1.0902 or you will wait for the price reaction?
i come to the conclusion with london being below london close.. yeah i will short some there..
those who can, do. those who cant, talk about those who can
  • #150,624
  • Edited 4:31pm Apr 27, 2017 2:01pm | Edited 4:31pm
Quoting goosebone
Called it too late yesterday. I'll call it too early today. Looking for the day to close right here between 1.082x and 1.086x. 1.086x is my guess for the actual D close. With a decent chance of a NY visit to 1.0777 max(doubt it)/1.082x min(likely). between now and then.
Was clear before london close this was def not going to happen.

I still like 1.086x for the D roll but 1.088x has some magnetism. Appears this D candle probably wont even extend Tuesday lows so not much to do here. With the closest important sort of "line in the sand" area on the weekly and the monthly coming in at 1.085x-1.088x I would guess we close the week/month somewhere in that tight range. It would be interesting to me if we close it under 1.086x towards the bottom of that range but, if not, just more watch and wait on my end. Even if we do close under, I wont "do" anything other than check it off my list. At this point it's not a short entry trigger for me.

GDP could move the needle slightly tomorrow. Not a shaker though and a flop on 1.3 predicted probably isnt in the cards. Other than that, inflation estimates in Europe but maybe someone else can tell me if that has potential for any kind of reaction at all since I'm not sure if that report is the one to watch.
  • #150,625
  • Apr 27, 2017 2:13pm Apr 27, 2017 2:13pm
Quoting goosebone
{quote} ...l but 1.088x has some magnetism. ...
from pivot perspective its a important key area... hoped for <1.0860 close as well. dont looks good
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  • #150,626
  • Apr 27, 2017 2:49pm Apr 27, 2017 2:49pm
interesting things tend to happen when a forced marriage is at stake. one guy 1 fires a man. another guy 2 hires a man (subject). man (subject) said and signed papers admitting he did bad things. guy 2 has has told an entire country (world) he is better at vetting. guy 2 blames guy 1 for bad vetting allowing guy 2 to hire subject. maybe firing someone isn't enough anymore. maybe some potential employers need a special needs type program to explain what it takes to fire a general.

anyway (subject) at some point gets to tell his own version of events. guy 2 may not like it so much. so subject change may involve missiles or something. nuptials of said marriage may take place in a prison at some point. all the passion of being in a confined space with one's true love..
those who can, do. those who cant, talk about those who can
  • #150,627
  • Apr 27, 2017 4:07pm Apr 27, 2017 4:07pm
...and we are rolling with no surprise as widely expected since ECB...@goosebone surprise ?

Uneventful day and session for trading with 2 highlights.

First Euro* moving out of the driver seat in favour of Dollar that will rule the board until France come back to centre stage to [hopefully] clear politics and extreme risk from EZ once and for all this year.

Second and more importantly ECB just set the final countdown timer for the start of the normalisation/end of QE expectations flow from the summer onwards...

Nothing to see or do here with same levels, same trades, same all....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,628
  • Apr 27, 2017 4:18pm Apr 27, 2017 4:18pm
so much to plan for, and so little time. Greece coming.
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those who can, do. those who cant, talk about those who can
  • #150,629
  • Apr 27, 2017 4:41pm Apr 27, 2017 4:41pm
Quoting sisse
...and we are rolling with no surprise as widely expected since ECB...@goosebone surprise ?
No surprise here.
  • #150,630
  • Apr 27, 2017 4:49pm Apr 27, 2017 4:49pm
Quoting gatorinla
{quote} i come to the conclusion with london being below london close.. yeah i will short some there..
Confluence with the higher TF also
Trapped inside the mofu...
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  • #150,631
  • Apr 27, 2017 5:03pm Apr 27, 2017 5:03pm
Quoting jaxx80
{quote} Confluence with the higher TF also Trapped inside the mofu... {image}
those sneaky bastards.. frog in a blender.. i like these,,,, so, i can't be all in either way.. eu 1.11x or 1.1316.

because usdx has the same view..

eu has the bull one... but usdx may be showing a different eu direction. the eu bull one would still be ok below this month's low. .. show in next post eu current bull..
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those who can, do. those who cant, talk about those who can
  • #150,632
  • Apr 27, 2017 5:13pm Apr 27, 2017 5:13pm
v
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those who can, do. those who cant, talk about those who can
  • #150,633
  • Apr 27, 2017 5:38pm Apr 27, 2017 5:38pm
Quoting gatorinla
v {image}
Looks similar.
Still, we may need to visit the norm at 1.0700 first (and close the gap) ?
  • #150,634
  • Apr 27, 2017 8:39pm Apr 27, 2017 8:39pm
big mouth steps on tongue again. instead of chosen words carefully. the blubbered tone won't play well with the other nut already paranoid about a u.s. attack. 2 nuts with nukes,,
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those who can, do. those who cant, talk about those who can
  • #150,635
  • Apr 28, 2017 1:07am Apr 28, 2017 1:07am
Quoting PayTheLimit
I see some support in USDCAD near 1.35, and I will try some longs there today if I get a chance... {image}
ship sailed on these....might take a stab at 1.2825ish in cable for a scalp, only if we get a look at it early...
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Look Sharp/Trade Tight
  • #150,636
  • Edited 3:41am Apr 28, 2017 1:37am | Edited 3:41am
For what it's worth there's a Wolfe Wave setup on EU Daily. There's also a bigger Wolfe Wave setup on EU Weekly. This is not a call to sell the EU, but if we do go down those areas should have significance.
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  • #150,637
  • Apr 28, 2017 4:08am Apr 28, 2017 4:08am
waking up to an alarm.. shorted one eu. 0940.. giving 20 sl.. some R below 0948 may slow or stop it..
those who can, do. those who cant, talk about those who can
  • #150,638
  • Apr 28, 2017 4:08am Apr 28, 2017 4:08am
Back on target inflation in the EZ. Very important numbers especially after yesterday ECB.

We are literally 10 days away if we clear French election to trigger ECB QE normalisation expectations play. Holding MT and LT outlooks until we clear this final hurdle but in the macro front we officially have all the [checks] confirmed. Tracking 1.096x to complete the zigzag from yesterday flows play....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #150,639
  • Apr 28, 2017 4:10am Apr 28, 2017 4:10am
I think ECB can see this inflation print as much more than just sutisfiying taken into account the last months low print. Still I guess It does not change anything in ECB policy expectations for now - just enforcing the view for ECB to move after summer maybe?
  • #150,640
  • Apr 28, 2017 4:14am Apr 28, 2017 4:14am
Quoting chester123
I think ECB can see this inflation print as much more than just sutisfiying taken into account the last months low print. Still I guess It does not change anything in ECB policy expectations for now - just enforcing the view for ECB to move after summer maybe?
It's pretty much a done deal I think in the macro front. End of QE expectations plays are on sight, early birds after French election is cleared, 'official' trigger as early as June/July ECB to complete the core of expectations by late Q4....then will need to start checking rates...

Don't forget that German elections are coming and that will accelerate the process even further via political weight and noise from election via inflation.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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