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Silent Service Method

  • #8,481
  • May 6, 2010 8:58am May 6, 2010 8:58am
Quoting TraderDavo
The underlined is THE most important part of this very good post. Our debt is in US dollars. Considering we control the inflation on our own currency, there is a huge difference.


Infinity, do you know if that 90% figure includes a lot of the off balance sheet debts that I keep hearing about in different economists articles/rants? I was of the belief that there is a lot off balance sheet as in the UK with public private partnership debts. Just thought I'd ask because I've read conflicting articles lately on this area.

Cheers.
  • #8,482
  • May 6, 2010 9:02am May 6, 2010 9:02am
Quoting InfinitySL
This post offends the hell out of me....

How is it in Iran this time of year anyway?
Accuweather.com says clear skies, low human rights and sunny with a high likelihood of sand in the afternoon.

:infidel:
  • #8,483
  • May 6, 2010 9:06am May 6, 2010 9:06am
I removed my inflammatory post. No sense in getting into an unhealthy debate. I come here to listen to fine traders and see charts.


Let's get back to business.
  • #8,484
  • May 6, 2010 10:12am May 6, 2010 10:12am
Quoting clockwork71
True. And more importantly, we have 5,113 nukes.

It is in the interest of all countries to keep the American debt fueled consumption. It was set up that way on purpose. If it falls, the world goes with it. Not fair, but that's what happens when you are the victors after a World War. You get to make the rules.

If we could only get a decent footy (soccer) team, that would be something.....
You have the greatest of footy[ball] teams in your backyard! Don't tell me you live in C-bus and you are not a Buckeye's fan! Thats almost heresy in that area!
  • #8,485
  • May 6, 2010 10:19am May 6, 2010 10:19am
Quoting calderone
Let's get back to business.
Right you are!

Anyone else a bit concerned about messing around with GBP ahead of the elections today & NFP tomorrow, not to mention the high degree of noise out of greece? Seems like taking any positions today is a bit like playing with fire...

I'm on the sidelines, probably until next week...
  • #8,486
  • May 6, 2010 11:39am May 6, 2010 11:39am
Quoting TraderDavo
You have the greatest of footy[ball] teams in your backyard! Don't tell me you live in C-bus and you are not a Buckeye's fan! Thats almost heresy in that area!

Well, yeah.....but I was referring to soccer. We have the Crew. And that pretty much says it all. lol
  • #8,487
  • May 6, 2010 11:41am May 6, 2010 11:41am
Quoting InfinitySL
Right you are!

Anyone else a bit concerned about messing around with GBP ahead of the elections today & NFP tomorrow, not to mention the high degree of noise out of greece? Seems like taking any positions today is a bit like playing with fire...

I'm on the sidelines, probably until next week...

If you are already in the trade, that's one thing.....but I don't know if I would want a new position right now either. Oh, and NFP is tomorrow, which I suspect won't be a real event unless it's really, really bad.
  • #8,488
  • May 6, 2010 11:56am May 6, 2010 11:56am
Quoting InfinitySL
Right you are!

Anyone else a bit concerned about messing around with GBP ahead of the elections today & NFP tomorrow, not to mention the high degree of noise out of greece? Seems like taking any positions today is a bit like playing with fire...

I'm on the sidelines, probably until next week...
Longterm, it still outperforms the euro, IMO. However, I am considering jumping out for a minute at the close of the day IF it holds this pretty ominous pinbar that is forming. I might jump out, wait for the correction and look to reenter short around 86.
  • #8,489
  • May 6, 2010 12:01pm May 6, 2010 12:01pm
Quoting InfinitySL
This post offends the hell out of me....

How is it in Iran this time of year anyway?

The truth always offends people even when it's a broader view.
Too bad you can't take other people's opinion. That's the same tunnel vision of the one's who are screwing up with the economy.

I'm not Iranian by the way. But you are offending Iranian people.

So I guess you're assuming I am a terrorist just because I spoke my mind.

Let's stop here! Have a good day!

Back to business indeed.

The EURGBP has to pass the 0.8400 mark in order to validate the break down and it didn't do it just yet.
  • #8,490
  • May 6, 2010 12:11pm May 6, 2010 12:11pm
Quoting 77z3
The truth always offends people even when it's a broader view.
Too bad you can't take other people's opinion. That's the same tunnel vision of the one's who are screwing up with the economy.

I'm not Iranian by the way. But you are offending Iranian people.

So I guess you're assuming I am a terrorist just because I spoke my mind.

Let's stop here! Have a good day!

Back to business indeed.

The EURGBP has to pass the 0.8400 mark in order to validate the break down and it didn't do it just yet.
He is offended that you are a person with 7 posts coming into a well established trading thread with multiple excellent traders (infinity included - an excellent spotter of PA in commodities and securities) and dropping political propoganda, regardless of affiliation. The point is not about "opening your eyes" or whatever other cliche you want to throw out there, its about the fact that you posted a political post that could clearly be viewed as incendiary to SOMEONE.

Add to that the fact that you also posted some clearly erroneous analysis regarding world debt and you get....

This is chris' thread. We are guests here. If you are the type of guest that comes into someone's house, knows no one but immediately starts spouting political affiliation, then I am guessing you are not going to get along very well with the other 100 or so "guests" that frequent Chris' very, very generous house of knowledge. Just a thought. Mea Culpa is an excellent tool.

EDIT: and I apologize for any hijacking this may cause.
  • #8,491
  • May 6, 2010 12:48pm May 6, 2010 12:48pm
Not interested in the GBP right now........am with you on the sidelines....but am short E/U from 1.2734......lets see how she plays.........cheers..............

Quoting InfinitySL
Right you are!

Anyone else a bit concerned about messing around with GBP ahead of the elections today & NFP tomorrow, not to mention the high degree of noise out of greece? Seems like taking any positions today is a bit like playing with fire...

I'm on the sidelines, probably until next week...
  • #8,492
  • May 6, 2010 1:20pm May 6, 2010 1:20pm
Ok,

Don't let the talking heads fool you. On a day like this - there is more to the move than a "hiccup." I can promise you that someone somewhere is going to try and tell you that this market bounces every time there's a sell off. I understand that's been true. But today - this has been very violent.

It is very, very, very possible we might now be in the pullback we all have been waiting for in the mirage that is the stock markets.

I am watching the Greeks riot now.
  • #8,493
  • May 6, 2010 1:26pm May 6, 2010 1:26pm
I had posted this chart maybe a month ago about a "triangle" forming on 10yr US Treasury futures contracts. Here is an update:

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-05-06_10yr.png Size: 45 KB


The arrow above is pointing to where I thought we'd break lower (i.e. higher rates)...obviously that was wrong.. Now we are testing new yearly highs on bonds/lows in rates.

This is the "flight to quality" -- visualized.
  • #8,494
  • May 6, 2010 1:32pm May 6, 2010 1:32pm
Lots of action today. No entries. Bastards.
  • #8,495
  • May 6, 2010 1:48pm May 6, 2010 1:48pm
Quoting clockwork71
Ok,

Don't let the talking heads fool you. On a day like this - there is more to the move than a "hiccup." I can promise you that someone somewhere is going to try and tell you that this market bounces every time there's a sell off. I understand that's been true. But today - this has been very violent.

It is very, very, very possible we might now be in the pullback we all have been waiting for in the mirage that is the stock markets.

I am watching the Greeks riot now.

The Dow has shed 500 points since I posted this.
  • #8,496
  • May 6, 2010 1:54pm May 6, 2010 1:54pm
Quoting clockwork71
The Dow has shed 500 points since I posted this.
Touched on 900.

Holy shit batman.
  • #8,497
  • May 6, 2010 1:57pm May 6, 2010 1:57pm
Quoting Low
Touched on 900.

Holy shit batman.
But the talking heads will tell you: don't worry about high frequency trading... it's *good* for liquidity!
  • #8,498
  • May 6, 2010 1:59pm May 6, 2010 1:59pm
Chris,

You got any sage advice on how and when to short anything?

I'm almost dumb enough to just jump right in, but I want to wait for an entry. The question is how much of a retracement can we expect when things drop this far, this fast?
  • #8,499
  • May 6, 2010 2:04pm May 6, 2010 2:04pm
Quoting Low
Chris,

You got any sage advice on how and when to short anything?

I'm almost dumb enough to just jump right in, but I want to wait for an entry. The question is how much of a retracement can we expect when things drop this far, this fast?

Its retraced 525 points already... I am not doing a darn thing until after tomorrow. Too much madness. Elections, NFP friday...
  • #8,500
  • May 6, 2010 2:07pm May 6, 2010 2:07pm
Quoting TraderDavo
Its retraced 525 points already... I am not doing a darn thing until after tomorrow. Too much madness. Elections, NFP friday...

You know, I had just gotten my first demo platform in October 2008, and didn't really know what I was looking at. To see today's action in realtime is absolutely breathtaking.

I don't know how to leverage any of today's moves into a trade, so I guess I'll just sit and wait until something gives me a good reason to get in.
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