Attachments: The Really Useless Thread

The Really Useless Thread

#150,901
May 5, 2017 10:30am May 5, 2017 10:30am

The Fool
Joined Apr 2009 | Status: Live and learn. | 25,161 Posts

Quoting goosebone

Disliked

More like beat it into submission and send it back to the house to die. The "win" they are seeking here will come in the form of a less than earnest "We tried."

Ignored

idk, they have the votes in the Senate, mathematically speaking, will just come down to politics, as usual. I'd give it 50:50 that they put together something slightly better than the House bill, the House goes along, DJT signs it and gets his win. Might take all Summer. The substance is irrelevant. We don't really have much in the way of government anymore, at the national level, anyway, more like a Reality TV show. What's the one where they put them on an Island somewhere, make them wear bikinis and sweat alot, eat raw crabs, etc? Can you tell I don't watch much tv? Anyway, this one they wear suits and eat with lobbyists, but the concept is the same.

"If The Fool persists in his Folly he will become wise." - William Blake

#150,902
May 5, 2017 10:45am May 5, 2017 10:45am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,124 Posts

Quoting gatorinla

Disliked

{quote} turd... atm usdx testing low.. between it made that HH.. with the eu, may have Some R anytime now toward 1010. that HH on usdx may make the atm LL test supportive on a fail. along with eu in the R atm.. plus good unemployment, (normally good for usd).. {image}

Ignored

a little eu something at 1002 ish, for a possible little short.. i wouldn't hold it much past 1010 area. atm high 0998. 1010 would be better but i dont know is 1002 will slow/stop or not..

those who can, do. those who cant, talk about those who can

#150,903
May 5, 2017 10:51am May 5, 2017 10:51am

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

Lots of action across the board with all markets in the move but more importantly key updates across main markets.

First update from the FED/NFP combo for the European close.

--> Changing long term outlook in Dollar from Sell to soft Buy .
--> Confirming mid term outlook in Dollar in Buy

...and finally FED/NFP triggering RMT one more time this year in the US.

--> Changing short term outlook in Dollar from soft buy to Buy

...more key market updates coming with the US session ....

sisse

Quoting goosebone

Disliked

{quote} What about participation? Wouldnt wages have gone up if the good unemployment print was due to more real demand for employees?

Ignored

What about participation? ..what about it? what is the implication of 1 miss from a monetary policy view?

Wouldnt wages ~~have~~ should gone up if the good unemployment print was due to more real demand for employees?.

Yes they should and they will.

sisse

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

#150,904
May 5, 2017 10:54am May 5, 2017 10:54am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,124 Posts

Quoting gatorinla

Disliked

{quote} a little eu something at 1002 ish, for a possible little short.. i wouldn't hold it much past 1010 area. atm high 0998. 1010 would be better but i dont know is 1002 will slow/stop or not..

Ignored

if one ventures here at 1002 area. be mindful about 0990 being against you if above. more with the flow below. probably a future s/r depending on side next week. depending on the high above 0995.. a little range sometimes may form an equal distance below.

those who can, do. those who cant, talk about those who can

#150,905
May 5, 2017 11:07am May 5, 2017 11:07am

The Fool
Joined Apr 2009 | Status: Live and learn. | 25,161 Posts

Quoting sisse

Disliked

First update from the FED/NFP combo for the European close. --> Changing long term outlook in Dollar from Sell to soft Buy . --> Confirming mid term outlook in Dollar in Buy ...and finally FED/NFP triggering RMT one more time this year in the US. --> Changing short term outlook in Dollar from soft buy to Buy ..

Ignored

lt ok but st & mt no

"If The Fool persists in his Folly he will become wise." - William Blake

#150,906
May 5, 2017 11:21am May 5, 2017 11:21am

The Fool
Joined Apr 2009 | Status: Live and learn. | 25,161 Posts

wow, who knew the best trading advice would be found in Marie Claire?

http://www.marieclaire.com/culture/n...-to-microdose/

"If The Fool persists in his Folly he will become wise." - William Blake

#150,907
May 5, 2017 11:25am May 5, 2017 11:25am

gatorinla
Joined Oct 2008 | Status: sideline is a position | 105,124 Posts

Quoting gatorinla

Disliked

{quote} a little eu something at 1002 ish, for a possible little short.. i wouldn't hold it much past 1010 area. atm higits help. h 0998. 1010 would be better but i dont know is 1002 will slow/stop or not..

Ignored

i see another 1045 lm... but just a possible scalp. i usually wouldn't touch this before 1115 unless usdx was there to help. usdx has broken support. that decreases help. the 1002 possible R is not as strong as had usd held.. as a R is probably soft. with usdx support broken it's less likely for the 101.52 atm. chances better after 1115 eu.

those who can, do. those who cant, talk about those who can

#150,908
May 5, 2017 11:59am May 5, 2017 11:59am

goosebone
Joined Jun 2015 | Status: Quo | 1,587 Posts

Quoting The Fool

Disliked

{quote}idk, they have the votes in the Senate, mathematically speaking, will just come down to politics, as usual. I'd give it 50:50 that they put together something slightly better than the House bill, the House goes along, DJT signs it and gets his win. Might take all Summer. The substance is irrelevant. We don't really have much in the way of government anymore, at the national level, anyway, more like a Reality TV show. What's the one where they put them on an Island somewhere, make them wear bikinis and sweat alot, eat raw crabs, etc?...

Ignored

10:90 from where I'm sitting. But it will be a good show. I know the one you are talking about. Only difference here is you want them all of them on both teams to get voted off the island.
Careful with that Marie Claire. I hear it's a gateway magazine. Slippery slope.

#150,909
May 5, 2017 12:31pm May 5, 2017 12:31pm

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

Second update from a key week in the markets with the triple FED/ECB/French combo. We are finally here for the final French play.

Without surprises in election, we have all ducks aligned for a KEY update and key inflexion point in the making in the Euro*

--> Changing long term outlook in Euro* from neutral to Soft Buy for the first time in over 7 years !!!

Also important updates for the upcoming days awn weeks:

--> Confirming mid term outlook in Euro* in solid Neutral until further data from ECB.

and very late (now after the fact should have updated back on French election round 1 ...too shy and called too safely on this one) but just for the record:

--> Changing short term outlook in Euro* from neutral to Buy as we clear risk from the table. Just final confirmation left over the weekend but this is the first time in a v. long time Euro* wont have a permanent risk cloud hanging on top in the ST...

More updates coming in a super active week in the markets...

sisse

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

#150,910
May 5, 2017 12:36pm May 5, 2017 12:36pm

traderguy7
| Joined May 2017 | Status: Trader | 63 Posts

Quoting traderguy7

Disliked

For the NFP release and for the rest of the day going into next week: I would watch for a very high spike back to the 1.10 area and then back down towards 1.0950 and then hold below that. My reasoning is that the price would want to re-test the highs at 1.0990 and 1.10 and then finally come back down for the week going into the French election, because no matter what the polls say, no one knows how the voters will truly act on election day.

Ignored

This outlook is still valid well into Monday.

#150,911
May 5, 2017 12:39pm May 5, 2017 12:39pm

chester123
Joined Oct 2014 | Status: Trader | 717 Posts

Quoting sisse

Disliked

Second update from a key week in the markets with the triple FED/ECB/French combo. We are finally here for the final French play. Without surprises in election, we have all ducks aligned for a KEY update and key inflexion point in the making in the Euro* --> Changing long term outlook in Euro* from neutral to Soft Buy for the first time in over 7 years !!! Also important updates for the upcoming days awn weeks: --> Confirming mid term outlook in Euro* in solid Neutral until further data from ECB. and very late (now after the fact should have updated...

Ignored

Just analogically

=)

that would mean on E/U, if I get it well:

short term: neutral
mid term: sell
long term: neutral

is that right?

#150,912
May 5, 2017 12:43pm May 5, 2017 12:43pm

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

Third update from a key week in the markets with the triple FED/ECB/French combo. We are finally here for the final French play.

Without surprises in election, we have both sides cleared this week (and more than prolly the rest Q) updates coming from the Euro.

--> Changing long and mid term outlook in Euro from Strong Sell and Sell to soft sell until further data from ECB

...and very late (now after the fact should have updated back on French election round 1 ...too shy and called too safely on this one) but just for the record:

--> Changing short term outlook in Euro from Neutral to 'Untradable' Buy r:r wise (for those not holding from below) until we clear the final French announcement and the open on Monday....

sisse

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

#150,913
May 5, 2017 12:46pm May 5, 2017 12:46pm

Replicant
Joined Jul 2015 | Status: Trader | 843 Posts

Quoting sisse

Disliked

and very late (now after the fact should have updated back on French election round 1 ...too shy and called too safely on this one) but just for the record: --> Changing short term outlook in Euro* from neutral to Buy

Ignored

je je je

short term outlook in Dollar is Buy
short term outlook in Euro* is Buy

Do you stay with a neutral outlook in Euro for the ST ? or do you switch to Sell ?

Edit : sorry just saw your last post

#150,914
May 5, 2017 12:57pm May 5, 2017 12:57pm

Fadhl
Joined Jan 2016 | Status: Trader | 3,908 Posts | Online Now

Sisse: --> Changing short term outlook in Euro from Neutral to 'Untradable' Buy r:r wise (for those not holding from below) until we clear the final French announcement and the open on Monday....
I've a question and interpretation of "untradeable buy". As you said the French election risk is cleared and we can add priced in, Sunday night we will trade the fact. So is it untradeable buy because we don't know how the big players will play the fact or do you have any other reasons?

#150,915
May 5, 2017 1:01pm May 5, 2017 1:01pm

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

Fourth update from the commodity close in a key week in Oil and commodities in general. Major forces clashing in Oil as discussed in the last few weeks. Watch-out for AUD* and CAD* major outlook updates coming with it.

Supply factors crashing between the US as free rider and shooting down prices driven by greed and overproduction against OPEC and the rest of the world (now even Iran) trying to cut it. ...on the demand side China struggling but EZ and US very solid end result market flood with oil...volatility expected to widen a lot in the upcoming days/weeks.

--> Changing short term and confirming mid term outlook in OIL in soft sell
--> Confirming long term outlook in Oil in solid Neutral.

sisse

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

#150,916
May 5, 2017 1:12pm May 5, 2017 1:12pm

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

Fifth update coming also from Europe. This is a major and very important leg in play that can have huge impact across the board ...@USD-Bear 160 in play on more time for the Q !!!

BUND triggering imminent break down alerts for the long term for the first time in a decade. We rarely have long term plays in the thread at all and this one is of mega importance, even if you are not trading bonds, highly recommend to track it as it will make a huge difference in your investments and decisions for a loooong time ,,,

sisse

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

#150,917
May 5, 2017 1:17pm May 5, 2017 1:17pm

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

Quoting Fadhl

Disliked

Sisse: --> Changing short term outlook in Euro from Neutral to 'Untradable' Buy r:r wise (for those not holding from below) until we clear the final French announcement and the open on Monday.... I've a question and interpretation of "untradeable buy". As you said the French election risk is cleared and we can add priced in, Sunday night we will trade the fact. So is it untradeable buy because we don't know how the big players will play the fact or do you have any other reasons?

Ignored

Its untradable because your risk if you enter right now on the close is completely dislocate from reward and reality. There will be nobody defending anything during the weekend, if you are not already in from below or already cleared longs, its nothing you can do but gamble both sides if you want but your stops won't hold even the spread....

The 1.11xx handle (1.107x is very strong R btw for the European open on Monday) is naked for the top side on pure air during the weekend and is absolutely nothing (I mean proper money) below the current levels until the mid of the 1,07xx handle for the weekend .

Without surprises, the whole thing should be over rather quickly ...

sisse

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

#150,918
May 5, 2017 1:31pm May 5, 2017 1:31pm

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

Finally and for all those that have asked this week Where are we???? in the short term and final call for @goosebone to wrap up A KEY week in the close for the final play for French elections ....here is a quick short term chart update to put things in perspective ...

Attached Image (click to enlarge)