The Really Useless Thread

My take is a focus ST on the daily chart. Obviously there are other important perspectives to take into account at these levels. On the Daily short term we are rolling just on the edge of 1.0906 making for an irrelevant close with regard to ST direction. Rolling above that line would be neutral to me (once again, on the Daily chart in the short term) but would have the scent of imminent break down.
In the news flow we are poised to give up on what is left of ECB and a bad US GDP number. In the MT we are still in sell and above (my) flip at 1.083x. There are many other factors to consider within those angles but to put it simply, Short term TA appears to be putting the last ducks in a row pointing to a swing down on a break of 1.091x after a close above. But there are still a couple ducks that need to get in that row. Today's close will not provide one. That view, while not in perfect agreement with FA and MT considerations doesn't seem to be contradicted by them either.

ST Daily close: Irrelevant under 1.091x

Have a good weekend everybody.

the flynn thing is probably jail time criminal, by what he already admitted too. Any former U.S. soldier has to report and disclose any monies from a foreign government. Even before that, he has to get state department approval. This admittedly wasn't done. If he lied to fbi, it's even further criminal under u.s. law. Paul Manafort undisclosed ties to the Ukraine Pro Russian campaign, the unreported money. Has since been reported years after the fact. probably more illegal action involving a foreign government overthrow. this is what we know and mostly undisputed. i know we get a lot of sound bites about vetting people from syria etc.. maybe we should start the process in our cabinet first. i could add several more from wilbur ross cypress banks, exxon ceo, evan the Ag.. so many ties with Russia. too many to name.. history will sort it out eventually. if i am wrong about Trump i apologize now. but personally i am not willing to lay down on a subject so important. let him get in another 100 days? sure that's just the way it is.

but i certainly will not forgive any of the past 100. such as knowingly allowing Flynn to get sit in top secret briefings (after finding out he was still on Turkish payroll). if a guy working for another government is allowed to observe secret briefings. that itself is espionage, especially if after yates warned donald trump. Remember she was fired soon after. Flynn was allowed continuing top secret briefings for 3 more weeks. That's 3 weeks Trump allowed this just on the surface. we have yet to learn about the other player's role such as J Sessions russian meetings etc...if enriching these people is going to help the u.s. economy in 100 days or 4yrs. i have serious doubt the cost will be uncountable in what is lost. i can understand if people are just getting their info from facebook, they can be handicapped. especially if they had no interest till the last 20 years or less. they simply believe the crazy stuff because their reference is limited to what they are told. i am all for make America great. Trump actually as you know used many of my past rants about free trade. he even stole the iraq view. we part deeply after that.

+1

Sorry man, not seeing any value you're bringing to the thread by posting -at best- subjects that apply to Trump as much as they have any other president or cabinet in the past (Hillary as well), and -at worst- outright conspiracy theory. We're trying to establish a place to learn and practice macro fundamental theory (the only thread of which does so), and subjects are getting buried in anti-trump propaganda.

fact Flynn admitted the above. nothing to do with any past presidents or even Hillary. I haven't mentioned her. Facts, Look at the amended statements from sessions, the amended reporting that Paul Hannaford or M Flynn. If you think them reporting things about themselves is a conspiracy. I dont think it fits. I mean i may be wrong, but usually a conspiracy theory does not involve the subjects admission. they all omitted things that they later added. it just so happens to be payments from foreign governments (exception is Session). value is subjective. if the market bases all its gains on one man. the above may dampen those expectations.

https://www.yahoo.com/news/latest-no...221835471.html

NK heat not going away. Many cheap spreads possible for a hard fast drop in US stocks, and prolly only way that will happen is if shooting breaks out.

eur25cfd could be done..
monthly chart

USDINR could be going up next.
weekly chart

The pound going to zero?
monthly chart GJ

Weekly chart GJ bullish.

usdchf weekly. many times opposite of eurusd.

looking to short audnzd monday

EJ i am bullish to 161.3 on monthly, will try to buy at some point.

What are your thoughts on EU?

Me? maybe same as gator.
0759 then one of these:
1.1115
1.1262
1.1317
after that perhaps 1.0204
I need to do more analysis to figure out my preference.

edit:
Maybe 1317 @ yellow intersection but seems unlikely since its in 9 weeks.

usd cad daily.
I think it wants to be a ABCD pattern but its to early.
So i think it may go down now to do something like in chart.
I am almost never right this many waves in a row.
But i will be looking to short.

Very nice deep crab in GU may happen in 9 (trading) days.



agenda of that day:

cadyen weekly.
Bear target was met but i would like the bears to push a little more so a nice symmetrical inverted H&S pattern can form.

Well that is inline with my UJ plan. Up for a 100 pips then down 300 pips....☺. And if this doesnt go as planned then i just need a fib level to blame or the big boys are always there playing games.. because my analysis was super accurate.....!!!!!!

EG could not get below 83xx.
Bull pointing at 9398 which is close enough for the expanding wedge technical target.



if it gets below 83xx this is my view.