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The Really Useless Thread

  • #152,461
  • Jun 8, 2017 11:17am Jun 8, 2017 11:17am
We have 2 of 3 checks already for today. Only the softer and less FA important one left. Its all pretty much decided but we need to put the official [check]. Today we wont have to stay for to long. If all goes on exceptions Britain well have a single party country for a while but the roll will get the exit polls and end of the markets interest on the process.

Expectations are for a clean sweep. A Tory failure to grab absolutely majority will be a political failure but only important for local politics not for markets. A flop (nearly zero chances) will short-circuit expectations and will trigger a major reshuffle of portfolios as most (if not all in the City) are sitting to the other side.

We'll track to see how it goes...GL all

sisse

Quoting Xxavier
... I am working for a large fund building machine learning models and your macro analysis you post here is as good as the macro analysis our firm get through paid services...I... {quote}
Thank you for your kind words ...so whats your side buy or sell in Sterling?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #152,462
  • Jun 8, 2017 11:22am Jun 8, 2017 11:22am
Quoting Karpa
retail is short for some time maybe we need a squeeze to 1.13 or so {image}

most of the time it works on another way with the retail crowd:

they stay short (or long) with heavy draw down. When the price finally turns in their favor, most of the time you can see that the majority seems to be right at that point.

But then the dilemma starts: when the price starts to run into their direction, they are quick to cover their position, even with a hefty loss. And then they do not only cover, but switch their position, thinking, that the former predominant trend will be set forth.

So they surrender for a loss, and will be in loss with their new position from the get go.


This seems to be happening most of the times.
  • #152,463
  • Jun 8, 2017 11:32am Jun 8, 2017 11:32am
Quoting infinitus
{quote} most of the time it works on another way with the retail crowd: they stay short (or long) with heavy draw down. When the price finally turns in their favor, most of the time you can see that the majority seems to be right at that point. But then the dilemma starts: when the price starts to run into their direction, they are quick to cover their position, even with a hefty loss. And then they do not only cover, but switch their position, thinking, that the former predominant trend will be set forth. So they surrender for a loss, and will...


interestingly enough, there is a fine difference between the amateur retail crowd and bigger options traders:

the amateur crowd is most of the time wrong, which makes them at the turning points for a short period right (broken clock is right two times a day)

the options traders are very good trend followers most of the time, that makes them wrong at the turning points.


when the options traders are record bullish or bearish it may soon be time to switch position

when the Forex retail crowd is record bullish or bearish it may be about time to go into same direction


works often, but not every time
  • #152,464
  • Edited 11:48am Jun 8, 2017 11:33am | Edited 11:48am
Quoting landre
Big day today with triple risk : ecb, UK elections and Comet testimony. Focus on ecb : not expected so much from ecb. Yesterday there were some rumors about inflaton forecast that could be revised 10bps down but economists growth could be revised up. Draghi who is more dovish could keep his dovish speech as the latest inflation number were below the target 1.4% for the headline and more importantly 0,9% for the core inflation. The recent decline in energy prices is another factor that could keep the inflation below the 2%. I think it's too early...
Quick update on ecb meeting (I couldn't post earlier). In the statement they only withdraw the terms below actual rate but keep that the qe could continue beyond Decemberb 2017.
So they keep withdrawing some terms from the statement but that was less than expected from a hawkish point of view. The market reaction was very tiny in a 80 pips range showing that it was not a big surprise for market.
We didn't reach any one of the levels.
We stay in the short term range 1.12-1.128

Next ecb meeting on July but next meeting with revision of all the economic forecasts in September 3 month before the end of qe.

Edit : if not too late long gbp sisse
  • #152,465
  • Jun 8, 2017 11:52am Jun 8, 2017 11:52am
BUY BUY BUY
Quoting sisse
We have 2 of 3 checks already for today. Only the softer and less FA important one left. Its all pretty much decided but we need to put the official [check]. Today we wont have to stay for to long. If all goes on exceptions Britain well have a single party country for a while but the roll will get the exit polls and end of the markets interest on the process. Expectations are for a clean sweep. A Tory failure to grab absolutely majority will be a political failure but only important for local politics not for markets. A flop (nearly zero chances)...
  • #152,466
  • Jun 8, 2017 12:07pm Jun 8, 2017 12:07pm
2-3 checks? in your private group???... Why are you posting the results here in public???
This starting to smell !!!!!!!!!!!!!!!!!!!!!!!!!

Quoting sisse
We have 2 of 3 checks already for today. Only the softer and less FA important one left. Its all pretty much decided but we need to put the official [check]. Today we wont have to stay for to long. If all goes on exceptions Britain well have a single party country for a while but the roll will get the exit polls and end of the markets interest on the process. Expectations are for a clean sweep. A Tory failure to grab absolutely majority will be a political failure but only important for local politics not for markets. A flop (nearly zero chances)...
  • #152,467
  • Jun 8, 2017 12:31pm Jun 8, 2017 12:31pm
Quoting sisse
We have 2 of 3 checks already for today. Only the softer and less FA important one left. Its all pretty much decided but we need to put the official [check]. Today we wont have to stay for to long. If all goes on exceptions Britain well have a single party country for a while but the roll will get the exit polls and end of the markets interest on the process. Expectations are for a clean sweep. A Tory failure to grab absolutely majority will be a political failure ...
Sisse I wonder whether it is fair to say that the impeachment risk is now cleared? Perhaps I am reading between the lines with this being one of your [checks]?

If so... would this have much effect for the risk off summer?
  • #152,468
  • Jun 8, 2017 12:43pm Jun 8, 2017 12:43pm
Quoting Xxavier
2-3 checks? in your private group???... Why are you posting the results here in public??? This starting to smell !!!!!!!!!!!!!!!!!!!!!!!!! {quote}
The only rat I am smelling is you little piss of s%$..... 2 of 3 checks? ECB, Comey and UK election? dumbass !!!...

Who the fck are you?, What site do you work for? or just selling dreams systems?, so angry because not more free candy in the thread without contributing something back?

=> For people like you is the exact reason I and many others have stopped posting proper content. You come here, openly admitting that you are leeching and sucking all content without given anything in return and then you have the balls and big mouth to come and complain from all the quality free conversations we have here, and on top you decided to take a dump and spreading shit and lies on a fan in the thread.

=> Sorry your Royal Highness but you wont get a dime anymore and sadly lots of honest and newcomers around will lose too in the process. Thanks for making less and less interesting one of the very few places in FF that talk trading and markets....

Ungrateful leacher !!! come back when you have contribute a 1/10000 of what some of us have contribute here ...case close with you.

--------- ---------


@landre no worries you are in. For those in the iteration, heads up as we reach the end results time ...GL all

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #152,469
  • Jun 8, 2017 12:45pm Jun 8, 2017 12:45pm
Quoting infinitus
{quote} most of the time it works on another way with the retail crowd: they stay short (or long) with heavy draw down. When the price finally turns in their favor, most of the time you can see that the majority seems to be right at that point. But then the dilemma starts: when the price starts to run into their direction, they are quick to cover their position, even with a hefty loss. And then they do not only cover, but switch their position, thinking, that the former predominant trend will be set forth. So they surrender for a loss, and will...
Indeed Markus, I remember you posting statistics regarding this behaviour.
It is pain of floating drawdown, it has happned to me before.
The solution I think is to average down the underwater positions, having free margin to do it.

Thanks for mentioning this, I'm checking your post again
  • #152,470
  • Jun 8, 2017 1:06pm Jun 8, 2017 1:06pm
Quoting gatorinla
{quote} kinda late now.. its chopping.. i would have said 1244 earlier, but didnt. i would have said 1244 bounce after reaching 1197, was what was needed for 1125.. but didnt.. but its a reason i will wait to long after 1225 and closer to 1089... keep in mind i am speculating and i may be full of shit. i have a pending 1199 and 1192 and close below 1089. yesterday not reaching 1316 or 1197. made today's LL setup 1025.. speculation wise. to me reaching 1197 was what a normal bull would have done. but that window for normal goes to 1089 so i will...
Thank you for the answer!
you got it right for the support level at 1196 area, it gave 40 pips bounced back there. I missed this
I had a short order @ 1281 for 1205 target but it did not go up there.
I think there will be a short term trade set up on Friday for another short entry, I hope that I would break 1190 level today and come back to retest 1240-50 level around London session then move down further to 1090-1110 either on end of Friday or early next week.
How do you think buddy?
  • #152,471
  • Jun 8, 2017 1:14pm Jun 8, 2017 1:14pm
Hahahah.... who is angry here?? Buddy do not worry, the guys who are with you now will not go away seeing posts like this... take them for a ride, instead of losing it to the market let all that go into your pocket....LOL
RED ALERT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Another Jacko here!!!!!!!!!!!!!!!!!!!!!!!!!
Watch out all the private group followers!!!!!!!!!!!!!!!
Next is money for his service!!!!!!!!!!!!!!!!!!!!!!!!!!!
Guaranteed

Quoting sisse
{quote} The only rat I am smelling is you little piss of s%$..... 2 of 3 checks? ECB, Comey and UK election? dumbass !!!... Who the fck are you?, What site do you work for? or just selling dreams systems?, so angry because not more free candy in the thread without contributing something back? => For people like you is the exact reason I and many others have stopped posting proper content. You come here, openly admitting that you are leeching and sucking all content without given anything in return and then you have the balls and big mouth to come...
  • #152,472
  • Jun 8, 2017 1:35pm Jun 8, 2017 1:35pm
Quoting Xxavier
Hahahah.... who is angry here?? Buddy do not worry, the guys who are with you now will not go away seeing posts like this... take them for a ride, instead of losing it to the market let all that go into your pocket....LOL RED ALERT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Another Jacko here!!!!!!!!!!!!!!!!!!!!!!!!! Watch out all the private group followers!!!!!!!!!!!!!!! Next is money for his service!!!!!!!!!!!!!!!!!!!!!!!!!!! Guaranteed {quote}
You, Sir, are an imbecile.
  • #152,473
  • Jun 8, 2017 1:54pm Jun 8, 2017 1:54pm
Quoting Xxavier
Hahahah.... who is angry here?? Buddy do not worry, the guys who are with you now will not go away seeing posts like this... take them for a ride, instead of losing it to the market let all that go into your pocket....LOL RED ALERT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Another Jacko here!!!!!!!!!!!!!!!!!!!!!!!!! Watch out all the private group followers!!!!!!!!!!!!!!! Next is money for his service!!!!!!!!!!!!!!!!!!!!!!!!!!! Guaranteed {quote}
Sisse has never asked for anything but proper market talk. So i dont get why people like you post things like this? Probably frustated because you can't leech anymore aka TheBanker style. Just leave this thread, it will be best for everyone. But these are only my wet dreams i guess.
less is more
  • #152,474
  • Jun 8, 2017 2:03pm Jun 8, 2017 2:03pm
wow, did not even get a chance to get 1.30 entry!
  • #152,475
  • Jun 8, 2017 2:05pm Jun 8, 2017 2:05pm
I know he did not ask anything now because he need to prep you guys more before he can get the money from you guys... Eventually he will... Search for Jacko pain and pleasure in this forum....

Quoting mejo
{quote} Sisse has never asked for anything but proper market talk. So i dont get why people like you post things like this? Probably frustated because you can't leech anymore aka TheBanker style. Just leave this thread, it will be best for everyone. But these are only my wet dreams i guess.
  • #152,476
  • Jun 8, 2017 2:09pm Jun 8, 2017 2:09pm
A flop and fck up for the Tories, but nothing interesting market wise for now. All exit polls showing they will fall short of an absolute majority ...slightly on the too close to call.

If confirmed we'll have something to track otherwise is just a non market event ...Its going to be a rather long night until this clear...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #152,477
  • Jun 8, 2017 2:10pm Jun 8, 2017 2:10pm
Xavier ..... Sisse has been around for years now....I have been following him for some time now....since the Cloggie days.....He has contributed the most !!! It is not his intent to charge a dime here !!!! (don't think he needs it either lol)
  • #152,478
  • Jun 8, 2017 2:10pm Jun 8, 2017 2:10pm
Quoting Xxavier
I know he did not ask anything now because he need to prep you guys more before he can get the money from you guys... Eventually he will... Search for Jacko pain and pleasure in this forum.... {quote}
Youve contributed some good stuff here as I remember it. What happened? Did you decide to take up crack? I dont think you really have anything to say. I think you should wait to post until you do.
  • #152,479
  • Jun 8, 2017 2:11pm Jun 8, 2017 2:11pm
Well short and sweet ( I mean bitter) stopped out !!!
  • #152,480
  • Jun 8, 2017 2:13pm Jun 8, 2017 2:13pm
Quoting goosebone
{quote} Youve contributed some good stuff here as I remember it. What happened? Did you decide to take up crack? I dont think you really have anything to say. I think you should wait to post until you do.
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