The Really Useless Thread

We are definitely in a decisive area right now.

1.097x-1.1050 is a resistance very hard to crack. By the way structure is forming and FA wise i dont see many reasons for it to be broken in the upcoming weeks. I would rather expect a bounce towards the minimums (1.03/04xx) and that i think is going to be our MT, LT bottom.

The way i think this is: the french elections results should be almost digested and priced in, so from this front we dont have much room to the upside. FED and ECB are still in different cycles so this should be back into investors focus as some risks are being cleared.

But if we do break this area (highly unlikely), i expect the price to consolidate above with a retracement towards 1.06/07x and that will be our low to start loading longs.

Anyway, MT and LT should be looking to buy the dips.

Waiting for that opportunity myself but need to get closer to 1.095x first

imho UJ may go to 115.xx if 113.xx isn't met next days (tl on daily chart)..
109.8 i would be place to buy to 115.xx.
Maybe they may both happen. Not seeing why not.

trying short 0900
don't really like the pair because of 4 pip spread

edit: closed it, better wait till break/retest of tl.

I know forums are open for anyone to participate, I get that. I know people are free to post their opinions in a respectful mature way and I support that.
However, everyone knows this thread is predominantly for fundamental-perspective discussions. So why are people slowly abandoning other TA 'chit-chat' forums and migrating this thread to clutter it with magic-line TA charts?

I know there is an ignore button but ..*ugh!*

I understand the popularity of this thread but why not stay with the theme of this thread? Did the EURUSD become so overrun with bric-a-brac chart images that their own opinions are lost in the forest of colored lines, and see this clean well behaved thread as a place to gain new exposure?

Why this thread?

Why not start a new thread called "Post your Bric-a-brac line magic charts here" that is specifically for anything that resembles the screenshot.

Rant over.

Ok, you can commence berating me now

I get 2.4 pip spread , but in the size of the expected move I dont expect the spread to be an issue..

@socrateez
I'm not going to berate you or anyone else. I'm going to say this:
Actually, to the contrary, I feel this thread is starting to fill up with comments about how "it isnt what I want it to be". "Stop posting this", "Stop posting that". "You post too much ", "Your charts are wrong", "your posts are too political", "stop talking crap and show us your account". Shit like that. Some people love rules so much they invent ones that aren't even there.
It's easy to ignore someone. You are the second one to mention how you know you can just use ignore but.....
But what?
I would rather read about politics I disagree with, charts I can't relate to (there's lots to learn that way imo), and timeframes i dont trade then read someone's post about how someone else's post doesnt belong here. *yawn*
There's room for (almost) everyone in a public forum. And as soon as I insist on never being annoyed by someone else's contribution, I give up my right to annoy everyone with mine. And thats not something I'm willing to give up.
Make it what you want it to be by posting what you want posts to be like here. Everyone should do the same. There's competition thats all. That's not a bad thing. But if you want to win it, you won't get there by pointing at them and complaining about it.

nice to see most are taking the long weekend. ISM data due in the US which after the gdp miss and before the nonfarms this friday is interesting.

we got FOMC and some noise regarding the healthcare package to be voted on Wednesday.

so a packed week ahead.

Plus France on Sunday. Will be some positioning for that going into eow.

indeed.... the election, NK, various political factors all contribute to the overall risk sentiment in the market in my opinion.

ISM was a soft miss, but I think the general USD weakness is generally on hold until we clear/fade these risk events.

It went 40 pips down.
just not 0900. small font hard to read.
maybe sell opportunity @ 0917.

this thread has mostly become the Sensei sisse thread, although he didn't start the thread. I have asked him many times why he doesn't start his own thread, with no response. Anyway, I don't understand the aversion to using the "ignore" function? Use it and you can cut through the responses that you don't want to see, if that's how you feel. "Ignore" is not permanent, so you can use it temporarily, etc....

I thought the chances of the EU weekly becomming a pennant where lost after it made a new low.
I may have been wrong.
This could have been a shake out.
I would expect E around 1460.

You would short Audznd before a hawkish forecast Aud Cash rate tomorrow?

http://www.cnbc.com/2017/05/01/fed-c...713&yptr=yahoo

The Fed winding down its balance sheet is the equivalent of hiking the ffr - the biggest buyer of US Treasurys abdicates - so watch the st interest rates - this will be big in 2017-18 as there is a lot of short term debt to come off. If the (geo)poli spooks don't weigh down on US equities, maybe the bond market forces will....

Because ignore list cuts the poster not the post and even the noob and the ignorant and the unpleasant may happen to post something interesting or pose the good question ...

but you can't know this nor can answer because i'm on your (indeed quite impressive) ignore list from my day one on this thread

What does it take for a sell off in bonds to be perceived as its own risk event? To take stocks down with it. I read somewhere about 3% on the US10Y to be the new magic line (established by taper tantrum maybe?) where stocks+bond prices flip the negative correlation to positive. I'm sure coming up with a line like that is just a way to find an easy answer to a difficult question, with correlation and causation in a blender. Perhaps we will see the theory tested.

Entry is most important to me.
I can move stop loss to break even and then i don't care what forecast do.
It can also be in my advantage. 50% chance.

I noticed wednesday there is a lot of hype for NZD... Could this be a classic tuesday bull run for a massive wednesday drop? With your years of experience, how do you see this play out? thanks

++++ Long irrelevant TRADING POST ALERT === Thread related holiday post feel free to ignore ==== +++++

lol mate....

 

1. This thread was, is and will always be whatever you want it to be.

--> In my experience, the people that have benefited the most are those who have put aside all their own preconceptions and myths about trading and try to grasp a few concepts form a different perspective especially related to the FA side and some others on basic (at least in theory) trading TA price based hints here or there.

--> All that have got something in past few months got their AHA moments or some very specific hints in their own trading plans and ideas during trading/market conversations. Some of them very experienced traders, some others very novice traders. Some they are just quiet in the background lurking and reading in depth, others jump in and take the plunge openly exposing their doubts and mistakes in public (they are the ones that have made this thread an incredible source for newcomers looking for more honest and more proper market answers rather than the usual BS in some of the boards )

--> It doesn't matter the reasons. The beauty of this and for the thread, is that the honest (most around here) posters are trading their own ideas in their own charts and realities. I think, no more than a handful times in the last few years I have given prescriptive arguments for trades posters here even if [sometimes] I publicly disagree with their views.

--> Don't forget that there are also a lot of good traders (yourself included) that don't really care about micro and trading TA details and only jump in and out once in a while enjoying a quick decent market talk before, during or after major markets events. People like you and others are the core that makes this thread, one of the few decent places in FF where you can go in details from FA either MT/LT factors to calling live analysis to the second in major reports and news...

=> Those who come here thinking that will get an easy ride learning a free cooked 'sisse system' (whatever that means) usually get disappointed and leave even before a small swing takes place ...

 

1. Anserwing your question, I have mentioned many times. I have found (and actively ask everyone else here) raising even further the level of discussion is the NATURAL repellent for mediocrity, amateurish myths and BS from those very far from the reality on how markets and investment works.

=> The trolls, spammers, or those kids that want to 'get rich quick' get disappointed of not finding a quick 1, 2, 3 trading system here, they last for days at top and then they disappear. The rest of us who like talking trading, markets or want to learn a trick or two in more complex FA ideas usually are very thankful and stay contributing new and fresh ideas.

=> One has to look at some post from some guys/girls here (don't want to name here...but its not rocket science to know a few) last year and compare the level of discussion they have now. Some pages in the thread, without any sisse this or that have very unique and interesting conversations. It's amazing seeing and reading incredible analysis, perceptions and real market awareness of some people that a few months ago their trading awareness couldn't even pass from a M5 green/red bar candle difference...that's what the real value in the thread is...

=> There is no value for anybody in me trying to moderate a public forum but in actually helping when I can trigger useful and intelligent market, investing and trading conversations. When the majority start talking markets and raising the level of the discussion, the usual suspects usually vanishes and go to some other places around these boards. It's better to keep it that way.

I know lately its becoming harder and harder with all the political BS we have been witnessing in the last year. The thread has become more popular again and the army of marketers and idiots stealing content for their own blogs/etc is becoming harder to control. Also those political conversations usually attract the, now common in the internet, trolls and those who push their political BS agenda and they don't give a fck about trading so its easier to lose control...

Again I invite all and traders like you especially to keep it coming and RAISE EVEN HIGHER THE BAR with proper trading/market/relevant political/investment talk or like always for a quick sharp witty and useless comment/video/post as it usually has been the case in the thread.

IMO, Self regulation with proper content will always prime over a dick swing approach and when it doesn't its not that hard to just ban the extreme troll or just ignore ....

sisse