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The Really Useless Thread

  • #150,801
  • Edited 4:27am May 4, 2017 2:48am | Edited 4:27am
still alive with my UK-100 shorts but they are playing hard ball
Breaking 7100 would be my first goal, otherwise 7340 for another try

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Don't be a hero. Don't have an ego. Always question yourself
  • #150,802
  • Edited 4:30am May 4, 2017 4:13am | Edited 4:30am
Short EU 1.0920 Stop 1.0980 TP1 1.0820 TP2 1.0520
May add if NY takes it higher.
  • #150,803
  • May 4, 2017 5:10am May 4, 2017 5:10am
Quoting longshot_nl
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. {image}
Will try a short at the triangle to my long entry.
(if it gets there in time)

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  • #150,804
  • Edited 6:58am May 4, 2017 6:27am | Edited 6:58am
More strong and inline numbers coming in from Europe this morn. Draghi to speak later on matters insignificant to markets so nothing expected to shake out there. Plenty of healthcare vote opinion buzz in the US to ignore.

TA levels in focus here are the obvious 1.095x<<-->>1.089x/88x. We will soon see what NY thinks about it.
NFP report is the only real point of interest left before the weekend unknowns. Because of that, market may react to Claims report (however vaguely related and subject to revision) if it prints a big over or under number.
  • #150,805
  • May 4, 2017 6:31am May 4, 2017 6:31am
Quoting gatorinla
hoping fed can hold off selling assets a while longer. atm eu at 0895.. it may provide R now.. we will c. {image}
s/o again 0905, its above 0895. not really a good thing for me. i re-entered s 0935. its still within the 0948 area and below. the usdx had that little retrace shown in last usdx chart. so either eu is going to break that R.. or the usdx is going to rise over its R. yest usdx broke some R and eu broke a little support. i still expect usdx to reach 101.52 at some point.. eu here near those highs and it looking bullish, is where things look the worst. not to say i am not full of shit.. the usdx did what i thought would be a minimal retrace.. after the little b/o. so with my eu risk being a s/o on a bullish b/o or reward being usdx 101.52.. i risked the pips.. in my favor yest ny closed below 0895. london doing it is best for me.. below 0914 is a start.
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those who can, do. those who cant, talk about those who can
  • #150,806
  • May 4, 2017 7:04am May 4, 2017 7:04am
if i can get a little vacuum (low pressure) between this leather chair and my ass cheeks. i should do ok. st -0914 closed below and london below 0895 is not a bad sign. and the best i could realistically hope far today. adr is on a leash, but its due for a run either in my favor or not.

if your long u should be pulling against me here..one of us will lose. the ball is above mine atm
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those who can, do. those who cant, talk about those who can
  • #150,807
  • May 4, 2017 7:13am May 4, 2017 7:13am
std.. going to miss the action.. a turd or a golden egg for me later..
those who can, do. those who cant, talk about those who can
  • #150,808
  • May 4, 2017 8:10am May 4, 2017 8:10am
Quoting hoom
{quote} I guess you're talking about my entry when euro made a gap up and a rally to 1.090x ...at that time I said that a gap and full extension [which btw you asked me what does a full ext mean ] is a trigger in my books ...I unloaded it all prior to the election weekend [was a nice ride indeed ]. Tracking UJ mostly after that , risk on is paying well in the meantime. for the sake of the discussion I will choose a random Lmt buy this time against the crowd here if I may say both trades have same r:r , let's see how it pans out in the next...
Looks as if I owe you a beer too now. (get in line)
  • #150,809
  • May 4, 2017 9:06am May 4, 2017 9:06am
Treasuries breaking down but dollar not following, not against the euro anyway.
Is this correlation broken now or can we expect this to be pre-empting a dollar move?
  • #150,810
  • May 4, 2017 9:29am May 4, 2017 9:29am
Quoting suntan
Treasuries breaking down but dollar not following, not against the euro anyway. Is this correlation broken now or can we expect this to be pre-empting a dollar move?
There seems to some big bank action going, they are pushing the EUR/USD up as far as they can before they drive it down for more profits before the French election.
  • #150,811
  • May 4, 2017 9:44am May 4, 2017 9:44am
Quoting traderguy7
{quote} There seems to some big bank action going, they are pushing the EUR/USD up as far as they can before they drive it down for more profits before the French election.
And you know this how?
  • #150,812
  • May 4, 2017 9:48am May 4, 2017 9:48am
Quoting gatorinla
std.. going to miss the action.. a turd or a golden egg for me later..
nowI join short side too @1.0945
don't predict direction, but dance with flow of water
  • #150,813
  • May 4, 2017 10:15am May 4, 2017 10:15am
add @ 1.0942
don't predict direction, but dance with flow of water
  • #150,814
  • May 4, 2017 10:16am May 4, 2017 10:16am
Quoting traderguy7
{quote} There seems to some big bank action going, they are pushing the EUR/USD up as far as they can before they drive it down for more profits before the French election.
Large victory for Macron on Sunday is now a done deal and is fully priced in. We cleared yesterday evening the last potential pitfall for Macron : the television debate. Le Pen was just ridiculous to say the least ; even now in her own party, members are appalled and ashamed of her grotesque performance. Cac and Dax moving accordingly, and Euro visiting the top of the range. We are aligning to sell the news IMO.
  • #150,815
  • Edited 10:47am May 4, 2017 10:18am | Edited 10:47am
averaged up a tad at 949. Thats all the eggs I'll be putting in this basket.

London roll at 1.094x. Bulls testing 1.096x atm. Lets see what they got.
  • #150,816
  • May 4, 2017 10:41am May 4, 2017 10:41am
Quoting priceaction1
add @ 1.0942
I think it will touch 1.0955 , just curious
  • #150,817
  • May 4, 2017 10:51am May 4, 2017 10:51am
Quoting anwaarkhan
{quote} I think it will touch 1.0955 , just curious
1.097 today (my wish) and depends on tomorrow NFP for extension to the upside.
  • #150,818
  • May 4, 2017 10:52am May 4, 2017 10:52am
Got stopped out as well on the short. I don't know about opening a new position... don't believe a selloff (sell the news) would happen if Macron wins. Why would that happen? Profit taking of the baked-in move? I don't know. Macron is EU positive, signals strength in eurozone. Sure it's baked in that he might win, but fundamentally is there really a reason to keep shorting? Who knows trump may have another tweet outburst that will push the dollar further down because he isn't happy about a strong dollar.
  • #150,819
  • May 4, 2017 10:56am May 4, 2017 10:56am
Quoting chester123
B. inline/marginally dovish: its a non event with just a muted continnuation to 1,097x via a small zig-zag flowAny comment and analysis welcomed
Nice call
  • #150,820
  • Edited 11:35am May 4, 2017 11:16am | Edited 11:35am
Quoting ExForX
Got stopped out as well on the short. I don't know about opening a new position... don't believe a selloff (sell the news) would happen if Macron wins. Why would that happen? Profit taking of the baked-in move? I don't know. Macron is EU positive, signals strength in eurozone. Sure it's baked in that he might win, but fundamentally is there really a reason to keep shorting? Who knows trump may have another tweet outburst that will push the dollar further down because he isn't happy about a strong dollar.
In my books, Markets priced in Macrons victory with the leg 1.061x --> 1.097x. If you add to this, Current FA/Rates differential + June hike expectations + Brexit Risk + Mute ECB till at least June/July, I think nothing can justify to stay at this level anymore.


Quoting Replicant
Le Pen/Melenchon : Open below 1,050x → 1,019x → 0,98x Melenchon/Fillon : Open below 1,061x → 1,050x → 1,034x Fillon/Le Pen: Open below 1,068x → 1,050x → 1,061x Macron/Melenchon 1,073x → 1,081x → 1,068x Macron/Le Pen 1,073x → 1,090x → 1,097x [checked]Macron/Fillon Open above 1,082x → 1,097x
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