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The Really Useless Thread

  • #151,701
  • May 21, 2017 2:29am May 21, 2017 2:29am
Quoting goosebone
Perhaps expanding the list of markets the thread keeps in focus is one way to do that
well, as the great old trader PTL once said, "It's all one market." Which is a constant theme of this thread. You can't trade commodities without an eye on the USD, etc. I don't trade spot fx so I never talk about it here. Some people say there are easier things to trade than cash, and I don't know if that is true. People say that though. If I were a professional trader I would be trading all the markets. When stocks are flatlining and m/l untradeable, move over to spot fx or futures, etc...but...

What I have gotten pretty good at in the last couple years of dull markets is not trading. I don't have to trade. I don't have to and I don't need to. If the market will give me fish in a barrel to shoot, I'm locked/loaded. Otherwise, I am pitching pennies to stay somewhat engaged.

http://thefxview.com/2014/03/01/effi...othesis-forex/
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,702
  • May 21, 2017 6:24am May 21, 2017 6:24am
Quoting The Fool
{quote}Sure, but it's not much of a mover. It has a decent dividend & that keeps it bid, but everything gets bid now anyway. Anyway, the iv's are low so the options are cheap. The Jun $29 calls are 15c now, will be more Monday if it goes up. But it could move back towards $30 and $29 calls would pay well. I am looking for ways to go long oil, can't trade the futures in the IRA's I have....
long the tenge
  • #151,703
  • May 21, 2017 9:19am May 21, 2017 9:19am
Sunday morning fun fact:
A lack of information does not stop people from forming an opinion. 36% of 1746 surveyed adult Americans can find North Korea on a map. Those who can are more likely to favor diplomacy over military action. You might think when looking for a country that has the words "North" and "Korea" in it, just using basic deduction something might stop folks from picking the southernmost tip of India. You would be wrong.
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  • #151,704
  • May 21, 2017 12:42pm May 21, 2017 12:42pm
http://www.marketwatch.com/story/ber...of2&yptr=yahoo

"Madoff is incarcerated at the Federal Correctional Complex, in Butner, N.C. It is a medium-security facility, one that is sometimes referred to as “Camp Fluffy” for being relatively comfortable. Madoff has a picture window in his cell, and his door isn’t locked at night. He has access to a computer where he fires off emails, and to a kitchen. The prison yard features both a sweat lodge and a bocce ball court....."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,705
  • Edited 2:17pm May 21, 2017 2:06pm | Edited 2:17pm
Quoting chester123
{quote} whats the source gator? cannot find it anywhere so far
me..its actually in the news pretty open. when a congressman asks for impeachment. its a start of something or nothing. it should trigger the stoppage of pardons on related matters judicial wise. so it should have the judiciary notify a president they have no pardon powers on related subjects toward individuals. so any ones in the net are already caught if it turned out to be a criminal matter. w/o benefit of pardon .
those who can, do. those who cant, talk about those who can
  • #151,706
  • May 21, 2017 2:23pm May 21, 2017 2:23pm
Quoting gatorinla
{quote} me..its actually in the news pretty open. when a congressman asks for impeachment. its a start of something or nothing. it should trigger the stoppage of pardons on related matters judicial wise. so it should have the judiciary notify a president they have no pardon powers on related subjects toward individuals. so any ones in the net are already caught if it turned out to be a criminal matter. w/o benefit of pardon .
al green officially asked https://www.usatoday.com/story/news/...oor/101786744/
those who can, do. those who cant, talk about those who can
  • #151,707
  • May 21, 2017 2:26pm May 21, 2017 2:26pm
Quoting goosebone
{quote} Pretty sure it comes from a blog called patribotics. Tweeted by Louise Mensch.
https://patribotics.blog/2017/05/20/...f-impeachment/
those who can, do. those who cant, talk about those who can
  • #151,708
  • May 21, 2017 3:47pm May 21, 2017 3:47pm
Quoting goosebone
{quote} I like that. Many markets discussed here regularly of course but not specific stocks generally. And EU has center stage for sure. I think EU has been a good consistent tool for sisse and all here to use for the sake of synch. In the sense that if we changed what instruments were in main focus all the time it would make it more difficult to keep discussion of the the topics that the iterations covered on the same page. Secondly, using EU as a basis takes liquidity out of the list of variables to a large degree. It seems many are ready and...
Good points. I agree with EU remaining the guinea pig as it's been on center stage since day one and there are incalculable resources and references available here.

Regarding GE, I still struggle with defining ST levels, mostly because I've been a more mid-to-long term investor/trader. Now that I look at your levels, I would have to agree, outlook is NEUTRAL as it seems to be sitting at critical ST and MT levels. . So, thanks for posting those levels.

EDIT: General note to anyone looking at the chart, that zigzag pattern is not some harmonic flying crab or whatever, it's just to show the swings and waves (see Sisse's notes)

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  • #151,709
  • May 21, 2017 4:13pm May 21, 2017 4:13pm
Quoting The Fool
{quote}well, as the great old trader PTL once said, "It's all one market." Which is a constant theme of this thread. You can't trade commodities without an eye on the USD, etc. I don't trade spot fx so I never talk about it here. Some people say there are easier things to trade than cash, and I don't know if that is true. People say that though. If I were a professional trader I would be trading all the markets. When stocks are flatlining and m/l untradeable, move over to spot fx or futures, etc...but... What I have gotten pretty good at in the...
  • #151,710
  • May 21, 2017 8:07pm May 21, 2017 8:07pm
Donald J. Trump ✔@realDonaldTrump

.@BarackObama bowed to the Saudi King in public--yet the Dems are questioning @MittRomney's diplomatic skills.

3:12 AM - 31 Jul 201

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  • #151,711
  • May 21, 2017 8:27pm May 21, 2017 8:27pm
GE seems to be in a decisive area LT.

I think that if you want to buy it, it should be bought around these levels. In my terms it completed a full retrace on Weekly and Daily charts, and it stopped at a really strong support. Monthly close should confirm the direction (up). I see 33$ as the first target.

Otherwise (breaking lower 27$ with a monthly close below, and consolidating in that area) might be the end of its 8 year up trend. (not likely in my view)
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  • #151,712
  • Edited 8:42pm May 21, 2017 8:28pm | Edited 8:42pm
Quoting ptoftangency
{quote} Good points. I agree with EU remaining the guinea pig as it's been on center stage since day one and there are incalculable resources and references available here. Regarding GE, I still struggle with defining ST levels, mostly because I've been a more mid-to-long term investor/trader. Now that I look at your levels, I would have to agree, outlook is NEUTRAL as it seems to be sitting at critical ST and MT levels. . So, thanks for posting those levels. EDIT: General note to anyone looking at the chart, that zigzag pattern is not some harmonic...
Damn. Too bad. I was hoping that was a harmonic flying crab 10 century ichimoku frogbat (tsunami tier). I would of been on that like dots on dice.

I can see it from your longer term view too. Quite clear, nice chart. It could be that we have it all mapped out perfect but like fool is saying, it ends up much like watching paint dry either way. Monday may move a bit, let's see.
  • #151,713
  • May 21, 2017 9:47pm May 21, 2017 9:47pm
Quoting goosebone
{quote} Damn. Too bad. I was hoping that was a harmonic flying crab 10 century ichimoku frogbat (tsunami tier). I would of been on that like dots on dice. I can see it from your long term view too. Quite clear, nice chart. It could be that we have it all mapped out perfect but like fool is saying, it ends up much like watching paint dry either way. Monday may move a bit, let's see.
HAHA!!

Well, let's leave GE alone for a week. On to the next.

I'm watching GD as well, they got a slice of the Saudi pie.
  • #151,714
  • May 22, 2017 1:10am May 22, 2017 1:10am
http://www.seattletimes.com/opinion/...not-so-simple/

"There is something more that needs to be said. In the early 1950s, responding to the North Korean threat, U.S. B-29s, with little opposition, carried out the saturation bombing of villages and towns across the North. The capital, Pyongyang, was 75 percent destroyed with more than 3 million people killed. Over a three-year period, 20 percent of the population was wiped out.

Then Undersecretary of State, Dean Rusk, said that the U.S. bombed “everything that moved in North Korea, every brick standing on top of another.” With the cities in ruins, attention was then given to the destruction of irrigation and hydroelectric dams and the destruction of crops.

Although little is spoken or written about this side of the war, in North Korea it is remembered as if it happened yesterday."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,715
  • May 22, 2017 6:34am May 22, 2017 6:34am
Quoting goosebone
just using basic deduction something might stop folks from picking the southernmost tip of India.
You mean that land thingy surrounded by water that I thought was South Korea is actually Sri Lanka? Who knew? and if that big thing to the upwards is India, where the heck is Ceylon?
  • #151,716
  • May 22, 2017 6:50am May 22, 2017 6:50am
Superb days for trading continue across the board. All markets in synch bar EURO with raging bulls cleaning the handle.

We are entering in major mid term levels in the Euro. Above 1.128x will cause collateral damage to the MT, LT trend.

Highlights come from the EZ, that keep sending screaming buy signals for the MT,LT this time from Ireland, Portugal and Spain. All ducks aligned. EZ (Europe in general bar UK) is officially the best place to park global capitals.

From the US, DT giving the first great present in a double whammy for the big corporations, selling themselves to the Saudi and public cutting a good chunk of the social protection networks for the poor to subsidize the major increase of fiscal spending that is coming.

As expected, the usual suspects sleeping with DT and signing a very yummy deal from Arms to finance and everything in between. Expecting a third big push for the security and arms sector once we clear Israel visit ....

All good news for big corporations, not so good for the average Joe especially the poorer, meaning more good news for Equities to feed the pig.

Oil and commodities still in full control until DT finish his tour ....

On FX, UK playing banana republic politics and trashing Europe to get some extra votes (sad show....they will pay a very high price sooner or later when they realise they slaughter a generation without doing anything but isolating themeselves and talking politics instead of policies).

Sterling* is set to weaken until election while Euro* is flirting really seriously to kill the downtrend once and for all...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #151,717
  • May 22, 2017 7:25am May 22, 2017 7:25am
Quoting The Fool
http://www.seattletimes.com/opinion/...not-so-simple/ "There is something more that needs to be said. In the early 1950s, responding to the North Korean threat, U.S. B-29s, with little opposition, carried out the saturation bombing of villages and towns across the North. The capital, Pyongyang, was 75 percent destroyed with more than 3 million people killed. Over a three-year period, 20 percent of the population was wiped out. Then Undersecretary of State, Dean Rusk, said that the U.S. bombed everything...
Good summary article. Im sure the majority unclear on the geography is even more unclear on the history. Maybe its time to consider an entrance exam for voter registration. (That damn constitution gets in the way of every good idea.)
  • #151,718
  • May 22, 2017 7:29am May 22, 2017 7:29am
There is no signal, no clue, no idea the end of so long analyses . Meaning everything is possible...İs it this.
  • #151,719
  • May 22, 2017 7:43am May 22, 2017 7:43am
Quoting sisse
Superb days for trading continue across the board. All markets in synch bar EURO with raging bulls cleaning the handle. We are entering in major mid term levels in the Euro. Above 1.128x will cause collateral damage to the MT, LT trend. Highlights come from the EZ, that keep sending screaming buy signals for the MT,LT this time from Ireland, Portugal and Spain. All ducks aligned. EZ (Europe in general bar UK) is officially the best place to park global capitals. l... sisse
This thread seems to keep shorting and keeps looking for a weak EURO.
All your disciples got it all wrong lately .

You should return to posting more often and help them see the forest because obviously they are way too lost in the trees..

In any case.. expecting a pause here at 1.1240 or maybe 1.1280 before we can continue the run up to 1.14 / 1.15.
Also unfinished busniess for Euro at 1.200 ! area but that it still locked for now..
I will turn Bearish only if 1.0980 is broken to the downside
  • #151,720
  • May 22, 2017 7:48am May 22, 2017 7:48am
expecting a run up to 1.16 which is a valid target on the charts and unmarked territory after 1.1216 was taken out. no real resistances in between the two levels. I am not sure if this 400 pip rally will be done this week. euro has travelled from 1.0838 to 1.1242 which is 400 pips in 6 trading days.
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