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The Really Useless Thread

  • #151,381
  • Edited 8:46am May 16, 2017 8:29am | Edited 8:46am
Quoting change
{quote} From now on how much confidence will this ally have in the trump administration? How much will it be willing to pass on more information? ... This mediocrity and stupidity level amazes me way beyond my worse (and not so flattering) predictions ...
Any ally.
The President betrayed agreements that make up the very foundational structure intelligence agencies use to share information vital to international security.
Then denied it. Then (pretty much) admitted it.
Worst part is, because it will be explained away by blaming a fantasy elitist media conspiracy hell bent on brainwashing the public or whatever, not much will likely come of all that.

American newspapers “can be used for other things but there’s no need to read them -- in recent times it’s not only harmful but dangerous.”

Thats the Russian Foreign Ministry talking but could easily be a quote from the WH.
  • #151,382
  • May 16, 2017 8:53am May 16, 2017 8:53am
Quoting goosebone
{quote} Any ally. The President betrayed agreements that make up the very foundational structure intelligence agencies use to share information vital to international security. Then denied it. Then (pretty much) admitted it. Worst part is, because it will be explained away by blaming a fantasy elitist media conspiracy hell bent on brainwashing the public or whatever, not much will likely come of all that. American newspapers can be used for other things but theres no need to read them -- in recent times its not only harmful but dangerous. Thats...
yep and he just f-up McMasters career. he is weeding out the ones we should have been skeptical about. McMasters did a Olly North. Another one with another attempted cover-up. these cover-ups just serve the president, not the constitution or the nation. they weaken the democracy.. Putin is being paid in spades on his investment.
those who can, do. those who cant, talk about those who can
  • #151,383
  • May 16, 2017 9:00am May 16, 2017 9:00am
Roll play anybody?
maybe something like:
W close >1.099x, <1.102x
  • #151,384
  • May 16, 2017 9:13am May 16, 2017 9:13am
Shorted UK100 at 7533 @1.618 Extension from 7.088 with tight stop
  • #151,385
  • May 16, 2017 9:40am May 16, 2017 9:40am
Quoting thatguy22
Shorted UK100 at 7533 @1.618 Extension from 7.088 with tight stop
courageous I'm fed-up with it for the time being, good luck!
Don't be a hero. Don't have an ego. Always question yourself
  • #151,386
  • May 16, 2017 9:43am May 16, 2017 9:43am
First leg? Equities down, yields down, jpy up, gold up. USD/JPY is shitting the bed
  • #151,387
  • May 16, 2017 10:00am May 16, 2017 10:00am
Sanders Statement on Trump Revealing Classified Information to Russians
Monday, May 15, 2017
WASHINGTON, May 15 – Sen. Bernie Sanders (I-Vt.) released the following statement Monday after The Washington Post reported that President Donald Trump revealed highly classified information to the Russian foreign minister and ambassador in a White House meeting last week:
"President Trump, in a reckless and dangerous manner, has revealed highly classified information to the Russians at a meeting in the Oval Office, information that could expose extremely important sources and methods of intelligence gathering in the fight against ISIS. Further, this could endanger intelligence sharing with a key ally in the Middle East. Protecting our national security is one of the most important tasks a president has, and Trump is failing at it. This new disclosure comes one week after Trump fired FBI Director James Comey, who was in the midst of an investigation of possible Trump campaign collusion with the Russian government in the recent election. All of this makes it vitally important that Trump make public any recordings he has of conversations in the Oval Office. We also need to proceed as soon as possible with the appointment of a special prosecutor." https://www.sanders.senate.gov/newsr...on-to-russians
  • #151,388
  • May 16, 2017 11:02am May 16, 2017 11:02am
Quoting msfu
First leg? Equities down, yields down, jpy up, gold up. USD/JPY is shitting the bed
equities are flat to green, just a hair away from ath's. Idk what it will take to give us a pullback, prolly not gonna happen anytime soon. I doubt WS would care if DJT were run out of DC on a rail, all the daily drama just storm in teacup...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,389
  • May 16, 2017 11:13am May 16, 2017 11:13am
WH presser: Trump didn't even know where the intel he shared came from. Now that is how you lay down an incompetence defense.
Follow the money --Mark Felt (Deepthroat)
  • #151,390
  • May 16, 2017 11:37am May 16, 2017 11:37am
caught his one earlier
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those who can, do. those who cant, talk about those who can
  • #151,391
  • May 16, 2017 11:42am May 16, 2017 11:42am
Quoting longfellow
WH presser: Trump didn't even know where the intel he shared came from. Now that is how you lay down an incompetence defense.
it was like yeaaah maaannnn. immm not drurununk.. dose pilllls make me swerveswerveee a wittle when me huffffing painttt.
those who can, do. those who cant, talk about those who can
  • #151,392
  • May 16, 2017 11:45am May 16, 2017 11:45am
Quoting longfellow
WH presser: Trump didn't even know where the intel he shared came from. Now that is how you lay down an incompetence defense.
he was saying trump didnt know where he got the top secret info from.. oh boy,, i feel better now..

we got a dumbphuck, we give top secret info too.. and yet he is too stupid to know its top secret info.. didnt he see the big red C
those who can, do. those who cant, talk about those who can
  • #151,393
  • May 16, 2017 11:54am May 16, 2017 11:54am
I will defend Trump on this quote. "you will get tired of winning" he was right. i am pro Trump on the "tired of winning" comment.

http://www.foxbusiness.com/markets/2...oughly-10.html

its a fox piece
those who can, do. those who cant, talk about those who can
  • #151,394
  • May 16, 2017 12:32pm May 16, 2017 12:32pm
Quoting goosebone
Roll play anybody? maybe something like: W close >1.099x, <1.102x
I am in can't say today but yes sooner rather than later
Re-Incarnated
  • #151,395
  • May 16, 2017 2:27pm May 16, 2017 2:27pm
is it me or half [more] of the thread is caught pants down on euro shorts

@Goose do you still see 1.061x as a valid target for June ECB/FED combo !

no one mentionned the runaway gap which is a solid indicator for the strength in a trend .

hints of end of Qe /headlines/tweets/Trumponomics/priced in Hike > a recipe so complex to choose the path of least resistance in euro ?!!
Get Rich or Die Tryin
  • #151,396
  • May 16, 2017 2:32pm May 16, 2017 2:32pm
Quoting hoom
is it me or half [more] of the thread is caught pants down on euro shorts @Goose do you still see 1.061x as a valid target for June ECB/FED combo ! no one mentionned the runaway gap which is a solid indicator for the strength in a trend . hints of end of Qe /headlines/tweets/Trumponomics/priced in Hike > a recipe so complex to choose the path of least resistance in euro ?!!
Not you at all- having been on the recieving end, I've noticed it as well.

Was going to mention that I believe you were long. It's important to add the distinction though, that Trump's idiocy causing a knee jerk extension cannot be priced in to a forecast by anyone here...the movement was driven by dollar across all pairs, not just eu

I hope you were long, as I'm sure you've been paid handsomely .
  • #151,397
  • May 16, 2017 2:43pm May 16, 2017 2:43pm
Quoting hoom
is it me or half [more] of the thread is caught pants down on euro shorts @Goose do you still see 1.061x as a valid target for June ECB/FED combo ! no one mentionned the runaway gap which is a solid indicator for the strength in a trend . hints of end of Qe /headlines/tweets/Trumponomics/priced in Hike > a recipe so complex to choose the path of least resistance in euro ?!!
Guilty. 2+ years of studying how to capture the downward movement of the EUR/USD made it hard for me to shed my bias. I am awake now, though...
Fortunately, I've been getting better at MM, so the loss wasn't too painful.
  • #151,398
  • May 16, 2017 2:56pm May 16, 2017 2:56pm
Quoting hoom
is it me or half [more] of the thread is caught pants down on euro shorts @Goose do you still see 1.061x as a valid target for June ECB/FED combo ! no one mentionned the runaway gap which is a solid indicator for the strength in a trend . hints of end of Qe /headlines/tweets/Trumponomics/priced in Hike > a recipe so complex to choose the path of least resistance in euro ?!!
For discussion purposes! After French election, EU was down from 1.1019 to 1.0840 and stopped at this level because Trump news (I.e., firing the FBI Comey who was investigating on him!!). From that moment, the Risk Off has taken over FA expectations, which doesn't mean that Goose analysis was wrong. "A new factor" came into effect and took over any analysis.
This said, Goose analysis might still in play; all depends on how media fade the risk off to bring us back to FA and ECB/FOMC plans. As long as Sisse does not change the EU outlooks, it means there is a room. Actually, EU trades below 1.11 handle.
My point, no one can predict Trump actions neither any indicator, it was/is the chaos theory. Just a different view!
  • #151,399
  • Edited 3:18pm May 16, 2017 3:07pm | Edited 3:18pm
Quoting sisse
{quote} cocky? ...hmm, ok lets see how it goes... ... sisse
haha. the irony

Well- the daily wrap up is coming a bit early, as I have a meeting to attend @ 4:30. Obvious what happened, less obvious what to do about it..

Trump causing a sell off in dollar in what can only be described as wall street's confidence indicator in Trumps ability to do anything of value for the nation. I will admit we are way out of my anticipated range, however; fade the extreme is still in play due to ST outlook, and now- we are at the top of the mid term range. Looking to fade, as I believe this is a knee jerk exhaustion leg. My on hand map is out scope at this point, so I've moved to @chester123 who called the short term map flawlessly (although he was anticipating it a bit sooner and by different means) and my mid term map is in line with his. Shout to chester123

https://www.forexfactory.com/showthr...76#post9839176

I am at a bit of a loss here, my sisse fundamental notes don't seem to cover Trump unanticipated moves....so I feel a bit like I'm flying dumb and blind here. For me, I'm expecting this week to be a wick with a close ~1.102x (provided Trumpster doesn't do anything rash in the next 2 hours...much less by Friday), as again- knee jerk exhaustion leg, so I'll fall back and trade the outlooks that we've come to in the thread, although trading them has been a bit rough lately.

shoutout to @hoom, whom has been screaming buy for the past two weeks, and hopefully making every penny he rightfully deserves (some a lot of those pennies are mine).

On the bright side (for me at least)- GJ walking away unscathed
  • #151,400
  • May 16, 2017 3:18pm May 16, 2017 3:18pm
Quoting hoom
is it me or half [more] of the thread is caught pants down on euro shorts?!!
Donno. I am (thanks for asking). I'm quite comfortable with my pants down actually. Just PM 'd you an illustrative angle on that from a viewpoint I came up with just for you.

Quote
Goose do you still see 1.061x as a valid target for June ECB/FED combo !
Not impossible. But I doubt it.

Quote
a recipe so complex to choose the path of least resistance in euro ?!!
Hmmm. Kind of gloating way to put it but I get you. I got you the first time we talked about it too. Never thought you were being unreasonable with it. Just had an alternative view.
Congrats on getting it right so far! Glad someone is getting paid this month. (even if it's hoom)

Seriously, good call as almost always. That's why I look for your opinions here. You usually see through the blur and have a strong grasp on the the things to pay attention to and the things to ignore.

Looks like you are soon up in line to run the thread btw.
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