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The Really Useless Thread

  • #2,861
  • Aug 25, 2011 3:12am Aug 25, 2011 3:12am
Quoting fxjawn
lol yep... beers on me tonight...i need a beating for that one

Kiddo, you are one of the faster learners here, I have seen you improve in leaps and bounds in your trading. There is always room to become a better bastard.
  • #2,862
  • Aug 25, 2011 3:13am Aug 25, 2011 3:13am
Quoting cloggie
Kiddo, you are one of the faster learners here, I have seen you improve in leaps and bounds in your trading. There is always room to become a better bastard.
what are you? a yoda bastard?
  • #2,863
  • Aug 25, 2011 3:14am Aug 25, 2011 3:14am
First monthly compression (since April), then weekly (since June), daily (since July/August) and now sub H4. This is a ticking bomb and is going to blow with force very soon. A pathetic below 140 tick range this week.

Predictable open. Both Frank and London working in coordination all week. Same opening range combo I hope most of you took it on time but now approaching H4 R and daily R so IMO party is over until a break or the 5th consecutive fade in row on the highs.

Many shifts in FA short term. QE3 starting to look far now not because of any changes in the economy but stock markets are "glamoured" by the rally on air so better join the party while it last and complain to the FED later.

Europe debt is going to trigger again. Bond markets in Greece are about to break all time highs (lol no that it matters in practice ...nobody is lending to them) but CDS and Bonds in the rest are starting to form a U shape turning point on Germany complaining about the ECB bond buying program and Finland trying to get a VIP pass on the bailout.

Let see if at least we can test the weekly highs to breach the range and open better moves for later....GL all today.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #2,864
  • Aug 25, 2011 3:15am Aug 25, 2011 3:15am
Quoting pkimnyc
what are you? a yoda bastard?

Nah, I don't use the force, I just use a big feckin' stick. Have hit many a muppet on the side of the head with it, most are too stupid to notice though.
  • #2,865
  • Aug 25, 2011 3:16am Aug 25, 2011 3:16am
Quoting cloggie
Kiddo, you are one of the faster learners here, I have seen you improve in leaps and bounds in your trading. There is always room to become a better bastard.
thanks brother i appreciat that
  • #2,866
  • Aug 25, 2011 3:16am Aug 25, 2011 3:16am
Quoting cloggie
Nah, I don't use the force, I just use a big feckin' stick.
lol. sick bastard.
  • #2,867
  • Aug 25, 2011 3:17am Aug 25, 2011 3:17am
Quoting fxjawn
thanks brother i appreciat that

Just don't let it get to your head, I will slap you back down...
  • #2,868
  • Aug 25, 2011 3:19am Aug 25, 2011 3:19am
Quoting cloggie
Just don't let it get to your head, I will slap you back down...
lol im sure u will
  • #2,869
  • Aug 25, 2011 3:22am Aug 25, 2011 3:22am
Quoting sisse
Europe debt is going to trigger again. Bond markets in Greece are about to break all time highs (lol no that it matters in practice ...nobody is lending to them) but CDS and Bonds in the rest are starting to form a U shape turning point on Germany complaining about the ECB bond buying program and Finland trying to get a VIP pass on the bailout.

You know it, all the EU banks have taken a serious hit in anticipation, we all know the EFSF is just not sufficient, the Finns are having a bit of fun with this, Greek 10yr triggered 18, that set things of last time. Merkel and Sarkozy are just too worried about reelection and are counting on the IMF/FED to bail them out again, just like in 08. We are getting ready for a major WTF, and I still think that is what Germany really wants, they will get the lower euro they are craving and they will see the the preriphery dropping into oblivion.
  • #2,870
  • Aug 25, 2011 3:24am Aug 25, 2011 3:24am
Quoting fxjawn
lol im sure u will

You can be as sure of that as me picking tops and bottoms
  • #2,871
  • Aug 25, 2011 3:24am Aug 25, 2011 3:24am
On a side note, wouldn't it be funny if this drop in Gold was Gadaffi selling of his 200 tons???? He holds 6% of the world's reserves.
  • #2,872
  • Aug 25, 2011 3:25am Aug 25, 2011 3:25am
Come on 62 make up your mind would you.
  • #2,873
  • Aug 25, 2011 3:25am Aug 25, 2011 3:25am
Quoting cloggie
You know it, all the EU banks have taken a serious hit in anticipation, we all know the EFSF is just not sufficient, the Finns are having a bit of fun with this, Greek 10yr triggered 18, that set things of last time. Merkel and Sarkozy are just too worried about reelection and are counting on the IMF/FED to bail them out again, just like in 08. We are getting ready for a major WTF, and I still think that is what Germany really wants, they will get the lower euro they are craving and they will see the the preriphery dropping into oblivion....
To be honest, I have been thinking about that. Thats the best solution to devalue the euro and clean the dirt in the EZ without the political cost....However, if you play with fire you must be ready to get burnt too....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #2,874
  • Aug 25, 2011 3:30am Aug 25, 2011 3:30am
Quoting sisse
To be honest, I have been thinking about that. Thats the best solution to devalue the euro and clean the dirt in the EZ without the political cost....However, if you play with fire you must be ready to get burnt too....

sisse

The problem is that they can't PR the euro down right now with BS statements, becasue that would kill the periphery right away, they need an orderly solution, one option would be to drop interest rates again in the fall, that would drop the euro, would improve the numbers from Germany, which in turn would drop their rates and then it would become more appealing to bail out the others, even increase the EFSF and issue eurobonds. Trichet put a spanner in the works with him raising the rates. The good thing for them right now is that EFSF is not rattified and ECB can purchase all they want with no limitations, that is giving us the range we are in right now as traders know there is no limit and the rates are manipulated artificially. I fully expect the Greek 10 yr to drop again as the ECB buys another round up, that's why the 2 yr is so silly, they ain't buying that one.
  • #2,875
  • Aug 25, 2011 3:32am Aug 25, 2011 3:32am
Quoting cloggie
On a side note, wouldn't it be funny if this drop in Gold was Gadaffi selling of his 200 tons???? He holds 6% of the world's reserves.
wow that bastard has quite a stash...
Look Sharp/Trade Tight
  • #2,876
  • Aug 25, 2011 3:34am Aug 25, 2011 3:34am
Quoting PayTheLimit
wow that bastard has quite a stash...
what a bastard....
  • #2,877
  • Aug 25, 2011 3:34am Aug 25, 2011 3:34am
Quoting PayTheLimit
wow that bastard has quite a stash...

Yeah he does, he was a pretty clever fecker, he sold 1mbd a day and got paid loads of it in physical Gold. Wonder where it all is right now.

Libya is a very rich country and could well become the new Dubai if it is managed properly, time will tell. Of all the Arab spring countries, they have the brightest future ahead of them. They could ramp up production easily to 500 m barrels a year, we are talking serious dough there. The greatest thing about Libya is that all fields are run by Western companies with western technology, they could literally hit the switch next week and be back up printing money. Plus it is light sweet, great for the EU, they will get a willing market for every drop they can squeeze out of the sand.
  • #2,878
  • Aug 25, 2011 3:35am Aug 25, 2011 3:35am
wow thats a ton of gold
  • #2,879
  • Aug 25, 2011 3:37am Aug 25, 2011 3:37am
i just used my 30oz bar to knock fools out with when i was in san quitin..
  • #2,880
  • Aug 25, 2011 3:38am Aug 25, 2011 3:38am
Quoting cloggie
You know it, all the EU banks have taken a serious hit in anticipation, we all know the EFSF is just not sufficient, the Finns are having a bit of fun with this, Greek 10yr triggered 18, that set things of last time. Merkel and Sarkozy are just too worried about reelection and are counting on the IMF/FED to bail them out again, just like in 08. We are getting ready for a major WTF, and I still think that is what Germany really wants, they will get the lower euro they are craving and they will see the the preriphery dropping into oblivion....

Rise of the 4th Reich... imho if the Eurozone survives it will be solely due to it piggybacking on Germany. And in effect all pertinent economic decisions will need to come from Berlin. At least thats what I would demand if all the central funding for a ton of other insolvent countries was latched to my back. Especially if shit really hits the fan and the Eurozone is drowning in its own insolvency so bad that they need to change the constitution to create Eurobonds(which only Germany could fund) and have them all be backed by soverign gold reserves from the rest of the eurozone thereby effectively giving its economic fate to the hands of the germans...

and as we all know, once a country loses control of its economic policy, it loses its soverignty

given, this is a worst case scenario for Europe...
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