The Really Useless Thread

If I am interpreting previous lessons correctly, we are Neutral in Dollar and Euro ST. Meaning we should be trading from extremes back toward the flip (between 1.09 and 1.10 in Eur/Usd). A clean 400pips from the monthly open would be at 1.1287 which hasn't been hit yet. There's still time for that not only bf Friday's data, but before the final 2 days of the month after the holiday Monday. I'm not sure we've seen the Eur/Usd bulls closing their position yet. The 100pip retrace from the highs is all but wiped out now. Judging from the some of the comments here (among other things) there's seems to be a general sense that the floor in this pair is rising, so I'm not sure we really will get close to the flip by EOM or 6/13. I've entered early too many times, so will wait to fade the news Friday if it appears bulls are closing their longs then. A daily close below 1.12 today might change my mind, but would hurt the r:r of this trade if the floor is indeed higher.

edit: if you consider from the low of this month on 5/11 at 1.0839 - this may be a good spot to try.

Ufff...haters et all taking over this thread ...I am getting tired of this BS.

=> First I stopped making live call trades because of leechers. Then decide to use iterations so honest traders around could benefit from seen market from a more balance and professional approach but that went out of hand for a simple forum and fck fortune tellers and scammers start selling signals using the iterations (mth fckres btw) so I closed all.

=>Then decided to just give my macro analysis and answer specific questions especially on the FA side for those honest hard working traders around that wanted to dig deeper and couldn't find proper sources to understand macro fundamentals...but the marketers stole the content and started selling in blogs, crap FX sites and in tradingview,etc signals but copy pasting the text in the thread (mth fckres)....so

=> I decided to increase even higher the level and only chat with the honest posters around but since then we have a flood of haters trying to stir the pot and misleading readers here of whats we were really discussing and complaining about 'this is not trading' bs...

Getting enough of this...

=> For all who have already received invitations via PM and some few others that I still have pending to send in the next few days. I am organising a private invitation only space for the actual trades and detailed trading dissussions/outlooks while leaving the thread slowly fading away with just general posts and for those noisy haters and 5minuters and etc who seem to know better....let's see how far they will keep the thread alive...

sisse

Look mate this getting annoying. Sisse never leaves a conversation open and we have one with you from last week wrap up.

So let me direct:

Who the fck has ever tell you to trade based on fundamentals is trading news.

This is for you and for some others like (@ Ken A ...btw you supposed to be one of the good ones around, lately you seem to be trying to only stir the pot rather than make these conversations better) for the 1 million time:

--> We are discussing swing trading here !!!! and only in very specific and clear circumstances I discuss (as the last 129 news flows trades since i keep count)isolated 'news flows' trades when the range and the importance worth the risk (primarily NFP, ECB, FED,. elections etc)...

=> Just gave you 1 fck premise (not @you btw...If that word is too complex from some others go to the dictionary and stop winning about 'too difficult for me BS)if you want to be in sync with the markets, increase our w% reduce risk and dramatically increase consistent in your trading plan define your freaking direction with Fundamentals in the longer view (i this case MT) and swing the ebb and flow in the ST. THATS ABOUT IT.

=> So if you think that your direction is buy and you have a buy signal in your trading plan JUST FCK BUY THE DAMN thing and viceversa.

=> The rest of the conversations are just to help understanding FA and macro relations, understanding better timing opportunities (choose your poison etc etc conversations), how to manage risk and positions and we went even deeper with some basic but powerful price based TA...so

=> Instead of trying to trade a soft news inline with expectations, expecting to fly to the moon or crash to the ground in 5minutes go back to fck basic.

I complicate and increase depth in macro analysis and FA but with TA I keep it simple and as basic and clean as it is. But you and some others keep trying to make it more complex than it is or thinking that there is some magic hidden secret that I am keeping for myself....

You know what I do this? Because the money is in being in synch with he markets not in the damn micro trigger to the pipette...

--> Just for you, and as did with others, if you want to sell, just choose one of the reference triggers we discussed (price based, indicators via a basic stochastic or any fibl/magic line of your choice)...and come back later with the results.... If you were right you will be in the money, otherwise you wont, so if you want buy because you think the FA are set to the top side...BUY THE DAMN THING !!!

I refuse to chew it down with a chart this time and with a dumbed down map with the exact levels as I will be just feeding the trolls, lazy and leechers around.

If you want a follow up on this conversation send me a PM as this conversation is closed for the thread.

////////+++++/////

@PTL a breath of fresh air to read your comments ...

sisse

Nicely put. It would be good to have a clear unambiguous response from some/any of the more learned here. I am struggling with FA and TA converting to good trade decisions. 2 steps forward one backward. However it seems to me , yes the floor is rising, and although a pull back/retrace is inevitable before a a big move higher, on the FA front we are running out of meaningful FA catalyst to make the pull back substantial to get to the middle...1.09x.

just my 1.5 cents worth

Very good conclusion.

You did not mention Japan . Japan has legalised Bitcoins too some weeks ago and also are partly reason for the growth in BTC. Also a very positive analyse from CPH Revision in Denmark published suggest that Bitcoin as currency can become bigger then the Danish currency in 6 years and with the growth we have seen become the worlds biggest currency in 12 years.( Have my doubts about that ) I think It is just a matter of time before big trading banks start to trade in this instrument too.

Edit: Ouch, just read Sisses post above after I posted this one

[quote=sisse;9907930]Ufff...haters et all taking over this thread ...I am getting tired of this BS. =

I am surprised it has taken this long for your patience to wear thin.

Hope you don't mine Sisse, I don't understand how your swing trades yet, but your posts in Support and Resistances made more sense to me

Here, in at 1.12405
1st target 1.1210 will move stop to BE
2nd 1.1165

Stops at 1.1255

sisse, why dont you make your own thread, that way you can easily block haters, trolls...
btw. i think this is the most useful thread on ff.

It doesn't stop the marketers from stealing the content :


"...but the marketers stole the content and started selling in blogs, crap FX sites and in tradingview,etc signals but copy pasting the text in the thread (mth fckres)....so"

Really a damn shame too... surprised we got this far.... but its always the bad apples!

watch out for the OPEC headlines as that seems to be the key today. we already got headlines that 9 month extension to cuts is a done deal which what is expected. anything less will trigger a sell off. vice versa for anything going into 2018.

Theres always a facebook group, you can accept or delete those who have access...seems an extreme measure though...
there will always be conflict between those who are exclusively FA or TA ...and those who just want signals.... and those called lurkers ( sometimes they are just wanting to learn without sticking their heads up for fear of capitation) but everyone move on...

Surely everyone should agree there are times when FA totally discredits any TA and as per recently, vice versa. We would all love to master both....but much frustration on the journey

would be a shame to see this thread die or become so closed that there was no room for different views, even nut bar ones....

but not my call...

You misinterpreted the word threat. I edited my post to make it easier to understand.

No challenge to your freedom bud.

@sisse
Did you see the UK GDP release this morning? GU spiked up a good minute before the release!
The markets are rigged man......and there's propanganda, propaganda everywhere!!!
Anyway, there are obviously a lot of folk out there who think you hold the 'magic 8 ball'
Why don't you start a subscription service? I might pay cos I think you're genuine...
The problem with 'free markets' is that there a lot of scumbags out there selling the dream
of neoliberalism and wealth for everybody, I think it's what they call a 'double edged sword'
Please read this and tell me you will still vote for Mother Teresa next month?
https://www.theguardian.com/society/...rdable-housing
In the meantime I'll consult my magic 8 ball again...

Disclaimer: I think neoliberalism is now ruining the world for my children

maybe 1.1252 can be a turning point, key level there and then next one 1.1280
we still did not hit 1.1252, so i am guessing we will hit it before going anywhere else or after going anywhere else

Not really ... I been positioning to sell pound all week... and the spike about 1.30 earlier in the week quickly reminded me that my stops should be about 1.3050 area but this is definitely a sell zone and someone is trying to shake the little guys out.... don't fall for the market is rigged bs!! unless you were joking then i digress

ej may try for 150 from high.. 124.17 may give a pass or buy (or less) opportunity. if this high area held around 125.80

yes..spike was almost inevitable before the drop...and it should be a good one...

OK dude nice trading but normally the spikes come on or after news NOT a good minute before, somebody had some info here...
Anyway, I hear they are doing a good number on crystal balls now as well, maybe you can grab yourself one?
Mind you I hope they are not more than $400 as I hear 46% of US of A citizens can't afford a sudden bill of this amount anymore........so sad....

Respectfully, i don't agree with this. I'd say the illusion that these two forms of analysis exist seperate from each other and that at a given time, one, and not the other is in play leads to the bipolar type mistakes I've been personally very good at making since 1.03x
If it works for you to look at it this way more power to you of course. I'm trying to get an understanding of all of it without denying any of it (and without blowing my account in the meantime). I'll let you know when I reach that Nirvana

Sisse I think you forget to send me invitation of any .. I knew it one day this is going to happen and Eurusd part 2 will be RUT ... Anyways will be waiting for any invite from sisse ...