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The Really Useless Thread

  • #151,961
  • May 26, 2017 6:40am May 26, 2017 6:40am
Quoting gatorinla
eu made a ll on little chart. looking for a sell replace 1193.. i closed some 1165
1217 may be a sell next week (or after Londen roll) if today London rolls -1193.. std.. pending 1217.. i closed 1/2
those who can, do. those who cant, talk about those who can
  • #151,962
  • May 26, 2017 6:46am May 26, 2017 6:46am
Quoting Mickster
{quote} Thoughts on UJ for the day? Im holding shorts from 114 & 112.2....seems like bulls could take the trend back. I'm not a pro trader but doesn't the weekly outlook on UJ look bearish or am I seeing things wrong?
Do not forget that UJ made the long red daily candle on Trump risk more so than bearish dollar
  • #151,963
  • May 26, 2017 6:53am May 26, 2017 6:53am
Rolling today/W: 1.120x (exactly at the opening of the week).
Rationale: Risk off still in play (weekend ahead too)!
  • #151,964
  • May 26, 2017 6:53am May 26, 2017 6:53am
Quoting Pharm0r
{quote} cheater
Lucky>Good.
Cheating>Better.
  • #151,965
  • May 26, 2017 6:54am May 26, 2017 6:54am
Quoting sisse
Here we go for NY ... Last open question in the thread as TA wrap up for all those who have been tracking the conversations in the last few months (@goosebone you are not allowed to play as you already know an answer) Where are we rolling today in the Euro? sisse
A few ticks below 1.12x
  • #151,966
  • May 26, 2017 7:02am May 26, 2017 7:02am
Quoting Mickster
{quote} Thoughts on UJ for the day? Im holding shorts from 114 & 112.2....seems like bulls could take the trend back. I'm not a pro trader but doesn't the weekly outlook on UJ look bearish or am I seeing things wrong?
depending on usd.. if you want to short a yen pair. if the eu is strong uj beter.. if eu weak ej better, 67 uj was missed 8 years ago. lots of pips both sides till.
i hate to say.. when the market realizes, the odds of a new healthcare plan is low. then the market will realize those built in tax cuts have smaller odds. it should correct than and uj along with it lower.

further out based on energy like i have said years ago. the better markets will be where the energy is cheaper , those with a stronger military and a strong stable government. my guess than was N. America will do better than the other world markets. the question unforeseen back then now is, is the U.S. under a stable government atm? the sad part is, i am not joking
those who can, do. those who cant, talk about those who can
  • #151,967
  • May 26, 2017 7:25am May 26, 2017 7:25am
Quoting sisse
Here we go for NY ... Last open question in the thread as TA wrap up for all those who have been tracking the conversations in the last few months (@goosebone you are not allowed to play as you already know an answer) Where are we rolling today in the Euro? sisse
1.12x we have Draghi monday, more USD numbers... maybe we need NFP help for breaking 1.108x
  • #151,968
  • May 26, 2017 7:40am May 26, 2017 7:40am
Quoting sisse
Here we go for NY ... Last open question in the thread as TA wrap up for all those who have been tracking the conversations in the last few months (@goosebone you are not allowed to play as you already know an answer) Where are we rolling today in the Euro? sisse
hello, i think we are rolling today at 1.119x
  • #151,969
  • May 26, 2017 7:47am May 26, 2017 7:47am
Alright let's see if a half point revision in a abysmal 1st quarter GDP number is enough to bust through D support at 1160.
Maybe if shorts all collectively chant the word "transitory" through London close it'll happen.

Say it with me now....on three. 1......2.....
  • #151,970
  • May 26, 2017 8:03am May 26, 2017 8:03am
Quoting sisse
Here we go for NY ... Last open question in the thread as TA wrap up for all those who have been tracking the conversations in the last few months (@goosebone you are not allowed to play as you already know an answer) Where are we rolling today in the Euro? sisse
1.121x
  • #151,971
  • Edited 8:14am May 26, 2017 8:03am | Edited 8:14am
Quoting goosebone
Alright let's see if a half point revision in a abysmal 1st quarter GDP number is enough to bust through D support at 1160. Maybe if shorts all collectively chant the word "transitory" through London close it'll happen. Say it with me now....on three. 1......2.....
Meh, looks like a no go on breaking 1.1160. Overshoot not strong enough I guess. Looks like a pretty strong rejection off of daily S2. I had a notion it would break past the 200ema on the hourly and then the same would act as resistance to close the day, but wrong again... More waiting. (It looked good in my imagination anyway)

edit: That's twice this week where 2/3 of the move happened before the print actually came out (earlier in the week in sterling iirc).
  • #151,972
  • May 26, 2017 8:09am May 26, 2017 8:09am
Quoting sisse
Better than expected.... RMT here we go ... sisse
RMT
newbie question do not get offended.
This is what i understand from Rates Mode Trading(RMT)
sell equities, sell commodities
especially gold currently risk off wouldnt gold go up.
Risk off due to DT UK Election
buy dollar does this mean USDX or against euro.

Eur/Usd ST-buy MT-Buy due to ebb expectation
Todays Roll 1.12+
  • #151,973
  • May 26, 2017 8:15am May 26, 2017 8:15am
Quoting ashenv
{quote} Meh, looks like a no go on breaking 1.1160. Overshoot not strong enough I guess. Looks like a pretty strong rejection off of daily S2. I had a notion it would break past the 200ema on the hourly and then the same would act as resistance to close the day, but wrong again... More waiting. edit: That's twice this week where 2/3 of the move happened before the print actually came out (earlier in the week in sterling iirc).
You are not trying hard enough. Visualize 1.115x with us and chant.
Transitory....Transitory....Transitory.....Trans...f it. You're probably right.
  • #151,974
  • May 26, 2017 8:20am May 26, 2017 8:20am
Quoting shohi92
{quote} RMT newbie question do not get offended. This is what i understand from Rates Mode Trading(RMT) sell equities, sell commodities especially gold currently risk off wouldnt gold go up. Risk off due to DT UK Election buy dollar does this mean USDX or against euro. Eur/Usd ST-buy MT-Buy due to ebb expectation Todays Roll 1.12+
No offense Bro! Your outlook for EURUSD is not coherent with your RMT understanding. If we have RMT in Dollar, how come your ST/MT is buy?
I think risk will settle after the weekend. Also, end of month to be considered for swing and position traders to position themselves.
  • #151,975
  • May 26, 2017 8:28am May 26, 2017 8:28am
Quoting sisse
Its pretty much a done deal ...only a last minute miracle tweet from somewhere will avoid both equities down and rates up for the summer...we'll see in a few. sisse
sideways is the new down....we need some major shtf to push the spoos down more than a few %....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #151,976
  • Edited 12:59pm May 26, 2017 8:32am | Edited 12:59pm
Quoting Fadhl
{quote} No offense Bro! Your outlook for EURUSD is not coherent with your RMT understanding. If we have RMT in Dollar, how come your ST/MT is buy? I think risk will settle after the weekend. Also, end of month to be considered for swing and position traders to position themselves.
No Offence taken bro.
Yeah you are right if we have RMT in dollar that means sell eur/usd i thought it just meant buy USDX lol.
correction of outlook st sell mt sell
  • #151,977
  • May 26, 2017 8:43am May 26, 2017 8:43am
Quoting sisse
Here we go for NY ... Last open question in the thread as TA wrap up for all those who have been tracking the conversations in the last few months (@goosebone you are not allowed to play as you already know an answer) Where are we rolling today in the Euro? sisse
116x /5x
Think 4D: History, Future, Now and Noise
  • #151,978
  • May 26, 2017 10:08am May 26, 2017 10:08am
i cant say ej is bearish.. if one wants to short. those 80ish pips from 124.99/95 is probably a better spot. up till about 125.81
those who can, do. those who cant, talk about those who can
  • #151,979
  • May 26, 2017 10:11am May 26, 2017 10:11am
This is my MT map. There are many MT maps like it, but this one is mine.
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  • #151,980
  • May 26, 2017 10:14am May 26, 2017 10:14am
Quoting gatorinla
London is open atm.. eu at 1193 ish.. its a big tease here.. still a place that may determine future. it will be a less bullish sign to roll London below.. its would be in the face of months bullish moves.. with the month ending next week.. it can go up, that's the recent months trend. a close below decreases that chance and in a few days it could wipe out this months gains. the trend up yada yada.. at least until you go out since 2009.. at 1200 from 057x.. going up w/o a retrace may be a harder path
less bullish.. a possible 1.1217/1267 short next week or even later today.. 1.1193 may screw me.. also 1214 may be ok..
those who can, do. those who cant, talk about those who can
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