The Really Useless Thread

prehaps time to pay attention to a dead genius, he still show no hikes

well, timing still sucks, completely missed the move from 7535

There's something big cooking.

http://www.cnbc.com/2017/05/18/kochs...ax-debate.html

5/10/30 year bonds are all a camel hair away from triggering break up alerts (daily) within the next few days

Looks like calm waters are back in the Euro, smells loading/scaling in time

Thank you, closed today at 7400

A very moving European session with main highlight from Sterling completing that pending final major target on the test of the 1.30xx handle that got truncated last week.

==> Very important levels in play in Sterling*. While DT and etc were playing politics, inflation numbers hitting hard in the UK and we got the final [check] that was forecasted before the vote and on the yearly outlook (will need to make a good review on those [checks] at the end of the month) on the impact of Brexit in real wages before even the process start.

==> The average Joe is set to lose between 15% and 20% in the upcoming months in real wages and the BOE can't see the minute election are cleared to have some minimum stability. It's getting extremely tricky for the BOE by the minute.

==> More importantly, we are entering in the next domino in the Brexit front, expecting real wages impact to start shifting directly to employment numbers by the end of the summer. Tax hikes coming, a good chunk of companies on the EU dependant access are already & will be in the way out, and if things doesn't change in the Brexit negotiation front, companies will be force first to cut wages even further to offset tax hikes and less demand and straight after cutting workers.

==> For those who has been tracking this (highly recommend to follow it as seldom we have such a great case live), the UK is an economics textbook & amazing live example of macro forces in play and how things interact in the economy with a shock (in this case self inflicted one).

A quick review so far in the process: Brexit vote [check]-> Annihilation of Sterling [check]--> Inflation [check]--> Real Wages[check]- -> [we are around here] Fiscal Impact (tax hikes coming) + Reduction of Employment [/we are around here] =>EU business dependant relocating (exp late 2017 / 2018) => negotiations => isolation? / no access to common market? still a big ??? not clear yet so far ??? too uncertain and without official plans yet form the UK | Actual Brexit impact (2019 / 2022) | Expected setting date of the whole process good or bad end +/-2024

For actual trading London close will trigger the traditional 'Choose you Poison time' in Sterling* for a major MT leg that will extend till the end of the summer...

For NY heads up on YEN ...

sisse

Rodger Ailes bites the dust

Wow. Can't say that guy didn't leave his mark.

Im out on all trades. I can't get a feel for the market today. Seems like yesterday was so easy now its impossible to know xD

- I guess to be a better trader you need more patience and wait the right opportunities to make a move and not rush for profits.

JPY on the move? What is going on?

Nyse has just open, they have reacted on the data, give the boys sometime they start selling uj soon. Have patience. I got stopped out of 2 trailing positions.

started sell small position ej. i planned on doing u some uj at 111.40 but missed

yep. talk about a fake. from the Nixon town halls with planted questions. to today's facade of bullshit reporting.

123.54 may become s/r today, probably valuable later.. that pullback to 123.75 allowed me to enter. ej

I took a new entry at 111.25. All previous ones closed at 110.60 today afternoon.

Everyone i know entered at 123.7x i was waiting for 123.93. I wonder what was i missing.

yeah i picked the wrong horse. uj dropping faster