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The Really Useless Thread

  • #152,301
  • Jun 2, 2017 7:32am Jun 2, 2017 7:32am
Quoting nines
chaps with inspiration from chester123 I have drawn map for this NFP.. in my humble opinion it is rather important as it will give us the green light for June FED, otherwise we are set for what could be a very quick risk off summer. please pull this apart, all a learning curve! {image} i entered into 2017 with a view on usdjpy seeing 100 again, this is still not out of reach from where i see things
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 52 KB


voila!
  • #152,302
  • Jun 2, 2017 7:36am Jun 2, 2017 7:36am
Quoting NMZee
{quote} Broken crystal ball...?.... Okay so if it is 250 k. Will it be considered inline or overshoot. Last month was major increase but everyone was expecting major increase so it was treated as no increase (in terms of market movement). i know what Uj usually do to you so i am short Uj....
Errrr....ummm.....ahhh......dont know how nyc will play the 4.3 unemployment but nfp is major undershoot.
  • #152,303
  • Jun 2, 2017 7:42am Jun 2, 2017 7:42am
Quoting Smith John
Hi everybody. I would like to to share my view for today's NFP. As sisse stated last week after the GDP, we are in RMT. Imo, after seeing the PA this week and the rejection of 1.116x, we need an inline or positive NFP to really start the RMT. This is my short term chart. {image} a) inline ---> zig zag to 1.1019. b) overshoot >220k --> direct run to 1.1019 with max extension 1.087x. c) undershoot --> direct run to 1.135x.
Undershoot and a lower revision(174k vs 211k). Imo, after NY closes, the outlook in dollar short term will change.
  • #152,304
  • Jun 2, 2017 7:45am Jun 2, 2017 7:45am
instead of 96 online it should read... "96 traders waiting for sisse's comments"
  • #152,305
  • Jun 2, 2017 7:45am Jun 2, 2017 7:45am
Quoting Paintomaker
This thread is really becoming useless at giant steps. My NFP play today more or less. I don't think we will either resume or change the trend with today NFP, but a good chance for positioning for the rates play is in my mind. {image}

Worse than expected, will long (if I have a chance) at 1.1257 to 1.130, stops bellow 1.125 , good luck.

PD: sisse didn't read the iteration message, but this was my play. Given the current flop I would expect 1.130x to get reached, first let's see if it can break 1.1276.


The WTF level would be 1.144
  • #152,306
  • Jun 2, 2017 7:46am Jun 2, 2017 7:46am
Quoting Earleone
{quote} Has anything changed?
now you see why i did this?
  • #152,307
  • Jun 2, 2017 7:56am Jun 2, 2017 7:56am
4H May be hammered..Lets see.
  • #152,308
  • Jun 2, 2017 8:02am Jun 2, 2017 8:02am
Quoting Traderak
4H May be hammered..Lets see.
1.13 before 1.09 imo
  • #152,309
  • Jun 2, 2017 8:03am Jun 2, 2017 8:03am
Quoting Paintomaker
{quote} Worse than expected, will long (if I have a chance) at 1.1257 to 1.130, stops bellow 1.125 , good luck. PD: sisse didn't read the iteration message, but this was my play. Given the current flop I would expect 1.130x to get reached, first let's see if it can break 1.1276. The WTF level would be 1.144
I am uj short. Avg 70+ pips. I am not looking for approvals. Am just happy that our calls were the right ones "this time". besides lets see what happens when SE opens.
  • #152,310
  • Jun 2, 2017 8:16am Jun 2, 2017 8:16am
Quoting nines
{quote} 1.13 before 1.09 imo
40_50 pip range for MT or LT trade is little detail. When us is ill rest of the world dies...Unfortunately. so nothing iş good for other currencies as FA to change outlook. Time to big hands to decide and ride first.
  • #152,311
  • Jun 2, 2017 8:20am Jun 2, 2017 8:20am
Quoting Traderak
{quote} 40_50 pip range for MT or LT trade is little detail. When us is ill rest of the world dies...Unfortunately. so nothing iş good for other currencies as FA to change outlook. Time to big hands to decide and ride first.
I like e/j longs here at these levels 124.6x, seems the safest way to long Euro now aside from perhaps Eur/Gbp .. what are your thoughts on this?
  • #152,312
  • Jun 2, 2017 8:39am Jun 2, 2017 8:39am
Quoting NMZee
{quote} I am uj short. Avg 70+ pips. I am not looking for approvals. Am just happy that our calls were the right ones "this time". besides lets see what happens when SE opens.
Not looking for approvals? No, I post with the intention that if I say something really wrong someone says something and I can learn. I've been a long time in the shadows reading to the senniors. Now I am beginning to feel confortable making calls, because I believe more in my levels than I did before and I know that I could be wrong in direction but I consider that at least my TA view is worth sharing.
  • #152,313
  • Jun 2, 2017 8:39am Jun 2, 2017 8:39am
Quoting nines
{quote} I like e/j longs here at these levels 124.6x, seems the safest way to long Euro now aside from perhaps Eur/Gbp .. what are your thoughts on this?
Shortly all yen pairs are afraidfull for me. Even Eur is yetti g strong May be ej is falling. When dax is forcing all time highs it should have been around 150.XX. really hard to predict. PA Follows uj more them Eur alone.
  • #152,314
  • Jun 2, 2017 8:41am Jun 2, 2017 8:41am
There is fight in GU...
  • #152,315
  • Jun 2, 2017 8:55am Jun 2, 2017 8:55am
Quoting gatorinla
{quote} save your nickels. buy a sight and u will be king.
And in
plain English that means what exactly ?
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #152,316
  • Jun 2, 2017 9:37am Jun 2, 2017 9:37am
Quoting nines
{quote} now you see why i did this?
Yes, Good call
Trading in the shadow of SM
  • #152,317
  • Jun 2, 2017 9:40am Jun 2, 2017 9:40am
Quoting Earleone
{quote} Yes, Good call
Thanks man, credit where credit is due! Have a good weekend!
  • #152,318
  • Jun 2, 2017 10:20am Jun 2, 2017 10:20am
target practise for the summer, i'll use gators nickle and buy my own sight

Attached Image (click to enlarge)
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  • #152,319
  • Jun 2, 2017 10:56am Jun 2, 2017 10:56am
Was heavily short 1.1272...Now left...May be they kick some down....
  • #152,320
  • Jun 2, 2017 11:54am Jun 2, 2017 11:54am
I was a quiet student for so long... Out of respect for the guys that make this thread what it is (a trader wet dream).Reading and learning quietly hoping that some day I will be able to talk with this guys as an equal. Well afer several years of reading I'm almost there and I just want to give you an update on the ass-lover chalange and ask you humbly for your opinion:

What a moves today huh ? But for me they are just speculations! This undershot (is it an undershot or a miss?) NFP cannot compare with the GDP from last week! At least I think so! The big money/longs are gone I think just after the French elections second round with the 1.10 level .Then Trump gave the longs a gift with a test on the highs of the MT range. And here we are right there at the top of the MT range. It's my opinion that to blow the top and stay above we need something from the "game changer bag". Right ? If nothing comes along we are set to test at least the MT flip I think. Why not the bottom ? Furthermore a smart man once sad: "the level to track for the june hikes is 1.061"... so I'm traking it. It's my opinion that the real big players are not ready for the LT up move. They will need a lower (much lower) level in order to load for 1.15 levels and beyond. Am I thinking right ? It's my opinion that that moves from today are just a trap for the late longs. And it's time to test the MT flip and I'm hoping the MT lows. And so I'm still short from 1.123 waithing for that 1.091 level and hoping for MT lows.

That's what I think! Nothing new from today (well not a game changer) the odds for a hike are still more than 50%. Way more!

So guys again I humbly asking for you oppinion - Am I on the right track or i'm missing something ?

P.S. Sorry for my poor english... I know that I sound like a afgan hooker. Another reason to be a quite student for so long! Best wishes
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