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The Really Useless Thread

  • #151,461
  • May 17, 2017 7:44am May 17, 2017 7:44am
Quoting gatorinla
usdx is at 97.87.. some possible support at leas st at 97.77.. thats about 20 eu pips higher. or 1.1136/40 ish.. along with 1.1115 it may drop eu some. ?????

looks like our numbers are close enough. like to see this flush out of the high, and then yeah, maybe finally some relief
  • #151,462
  • May 17, 2017 7:48am May 17, 2017 7:48am
Quoting gatorinla
usdx is at 97.87.. some possible support at leas st at 97.77.. thats about 20 eu pips higher. or 1.1136/40 ish.. along with 1.1115 it may drop eu some. ?????
It touched 98.08, which lends credibility to $101.52....but now I've got air until 96.94....dollar is in some trouble

EU looking to erase all the losses from Trump's election
  • #151,463
  • May 17, 2017 7:54am May 17, 2017 7:54am
Quoting PayTheLimit
{quote} you charting GJ lately at all?
double top
  • #151,464
  • May 17, 2017 7:54am May 17, 2017 7:54am
Quoting Pharm0r
{quote} It touched 98.08, which lends credibility to $101.52....but now I've got air until 96.94....dollar is in some trouble EU looking to erase all the losses from Trump's election
and dollar already erased all the gains now
  • #151,465
  • May 17, 2017 8:03am May 17, 2017 8:03am
Quoting Pharm0r
{quote} double top
weekly?
Look Sharp/Trade Tight
  • #151,466
  • May 17, 2017 8:18am May 17, 2017 8:18am
Quoting gatorinla
{quote} not counting out 124.61 not closing below atm it may give it a hop before any drop.. it really isn't affecting me atm , so i got luxury of waiting. i am not in atm.. i am hoping for a bounce b4 i enter.. maybe a small dt looking situation will develop. i am talking out my ass till.. because 123.75/122.979 looks like a place to L.. meaning i want to find a bounce to get short like chart has. b4 123.75.. lets see what 124.61 does.
Buy pending 123.5x
It's always part of a bigger plan
  • #151,467
  • May 17, 2017 8:19am May 17, 2017 8:19am
How much of the downward pressure on dollar is the distraction from, or even outright block of dollar positive domestic policy objectives due to Comey news?
And/or...
How much is a run from Dollar into yen, euro or other safer places to wait out and see how much US political chaos results?
Would the latter suggest a move to treasuries is on deck if the story escalates? (small taste of that already) Or does the same general fear of dollar apply to Treasuries in this case, and a short term bump in bond prices ends up yet another btfd moment in equities?
Or finally...
Can the recent news be viewed as just the small (in the grander scheme of things) catalyst that was required to get price moving in the path of least resistance that hoom and others have described here as it relates to ECB expectations and a priced in June FED? (just using EU as an example for that)

Those are the questions I've got on the dollar move.
  • #151,468
  • May 17, 2017 8:20am May 17, 2017 8:20am
Quoting Pharm0r
{quote} It touched 98.08, which lends credibility to $101.52....but now I've got air until 96.94....dollar is in some trouble EU looking to erase all the losses from Trump's election
Pharm0r, whats your take on UJ. I was in sell from 114.10 till 112.98 then 113.15 till now. What you reckon i should be aiming for. Or rather you would aim for?. 111.09 might be to look for. Btw i took the sell cuz you said you wont buy the pair.
  • #151,469
  • May 17, 2017 8:25am May 17, 2017 8:25am
guess its time to lay some cheese down...
Look Sharp/Trade Tight
  • #151,470
  • May 17, 2017 8:28am May 17, 2017 8:28am
This is a good week so far anyone else get that feeling when your calls are on point? Best feeling
It's always part of a bigger plan
  • #151,471
  • Edited 8:55am May 17, 2017 8:30am | Edited 8:55am
Quoting PayTheLimit
{quote} weekly?
yesir, i mentioned it somewhere....I'll ride it as long as I can, have some losses in EU to make up

Quoting NMZee
{quote} Pharm0r, whats your take on UJ. I was in sell from 114.10 till 112.98 then 113.15 till now. What you reckon i should be aiming for. Or rather you would aim for?. 111.09 might be to look for. Btw i took the sell cuz you said you wont buy the pair.
still the same as here, except I'm not so sure dollar is a buy so long as Trump is in office. He's been consistent about talking down the dollar via tweets, and now confidence in dollar is losing foot by the minute on not only Trump's fiscal policies, but his ability to lead as well as his constituents ability to tolerate him as a leader.

https://www.forexfactory.com/showthr...76#post9843076

As far as targets- none. I refuse to trade it for the same reasons as above....too many clashing unknowns, and I suck at UJ point blank
  • #151,472
  • May 17, 2017 8:50am May 17, 2017 8:50am
important supports in UJ, GJ, and EJ...the whole ball game will be played here it seems...my money, my pride, and my kids next bag of diapers is on EJ, 123.85
Look Sharp/Trade Tight
  • #151,473
  • May 17, 2017 8:51am May 17, 2017 8:51am
Quoting The Fool
"This latest Trump-Russia leak smells like a coup attempt"... http://www.cnbc.com/2017/05/16/this-...999&yptr=yahoo I'm not a fan of DJT, but I have to agree here....
It's a reasonable argument....that in order to oust Trump, his aids/constituents are willing to commit a crime and risk national security themselves. Two wrongs and what not. So, if Trump finds the leak (which in such a top secret meeting with such sensitive information and so few people he's bound to be able to narrow in) then prosecutes them for treason- what will the anti-Trumpers do? What will the judges do? Will they insert themselves into the investigation and circumvent the law? will Trump now be considered a crazed murderous dictator? The leak is illegal, what Trump did or didn't do isn't....

Putin now coming to Trumps aid saying he can prove nothing of value was learned, but that wont be viewed as the TRUTH regardless of whether or not it is. It'll be viewed and spun as more Trump collusion. What a shit-show.
  • #151,474
  • May 17, 2017 8:53am May 17, 2017 8:53am
Quoting Pharm0r
{quote} yesir, i mentioned it somewhere....I'll ride it as long as I can, have some losses in EU to make up {quote} still the same as here, except I'm not so sure dollar is a buy so long as Trump is in office. He's been consistent about talking down the dollar via tweets, and now confidence in dollar is losing foot by the minute on not only Trump's fiscal policies, but his ability to lead as well as his constituents ability to tolerate him as a leader. https://www.forexfactory.com/showthr...76#post9843076 As far as targets-...
Great, thanks.☺
  • #151,475
  • May 17, 2017 8:54am May 17, 2017 8:54am
Note that all Equities are falling!
  • #151,476
  • May 17, 2017 8:56am May 17, 2017 8:56am
Quoting Pharm0r
{quote} It's a reasonable argument....that in order to oust Trump, his aids/constituents are willing to commit a crime and risk national security themselves. Two wrongs and what not. So, if Trump finds the leak (which in such a top secret meeting with such sensitive information and so few people he's bound to be able to narrow in) then prosecutes them for treason- what will the anti-Trumpers do? What will the judges do? Will they insert themselves into the investigation and circumvent the law? will Trump now be considered a crazed murderous dictator?...
Problem with that article is it doesn't mention the Comey memo. Guess it was written just before that came out. Pretty sure that's the real meat if there is any. Doesnt require any illegal leaks. I think that's the part thats getting a reaction here.
  • #151,477
  • May 17, 2017 9:02am May 17, 2017 9:02am
Quoting gatorinla
{quote} h held +124.61 close. bulls r playing opossum, st it should give me 125.15 minimal entry i think. near the high is always better, for a short. {image}
wrong,, so i missed s entry. looking to have a long at 123. risking 5.. 123.75 should be the minimal drop
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those who can, do. those who cant, talk about those who can
  • #151,478
  • May 17, 2017 9:10am May 17, 2017 9:10am
Quoting gatorinla
{quote} wrong,, so i missed s entry. looking to have a long at 123. risking 5.. 123.75 should be the minimal drop {image}
instead of a 79 pip sl.. i will try for the extreme, near fail, of set up.. closer to 122.98.. std.. 5 pips on the line versus 307+
those who can, do. those who cant, talk about those who can
  • #151,479
  • May 17, 2017 9:13am May 17, 2017 9:13am
Quoting bhmoney
{quote} in my eyes looking at the dollar, it needs more.... still think 97.68 is a good target area initially. Watching 1130-38 for today's Resistance/Target with 1194-1197 as R on another ramp. We'll see how it goes, been doing pretty well though

alright, my dollar target hit for today and in the euro resistance zone.....see what happens now
  • #151,480
  • May 17, 2017 9:20am May 17, 2017 9:20am
missed it...I'm out...later boys..gl
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Look Sharp/Trade Tight
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