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  • #4,181
  • Aug 26, 2011 11:50pm Aug 26, 2011 11:50pm
Feck! I love all you basterds!
  • #4,182
  • Aug 26, 2011 11:55pm Aug 26, 2011 11:55pm
Quoting Venice
Feck! I love all you basterds!
Wtf? How many beers you had? Lol
  • #4,183
  • Aug 26, 2011 11:58pm Aug 26, 2011 11:58pm
Quoting pkimnyc
Wtf? How many beers you had? Lol
lol... been hangin with Mr. Killian and Seagrams....

Feck it... lol
  • #4,184
  • Aug 27, 2011 12:09am Aug 27, 2011 12:09am
Quoting Venice
lol... been hangin with Mr. Killian and Seagrams....

Feck it... lol
Nice line of buddies you have there.....
  • #4,185
  • Aug 27, 2011 12:19am Aug 27, 2011 12:19am
  • #4,186
  • Aug 27, 2011 12:22am Aug 27, 2011 12:22am
"I love life because what more is there..."
  • #4,187
  • Aug 27, 2011 12:41am Aug 27, 2011 12:41am
Quoting Venice
"I love life because what more is there..."
That's the only reason you love life?

I love you because you're useless, and a bastard...you drunk useless bastard!

Forgot my phone at the hotel...going looking for mischief...don't wait up!

ps- ain't no pizza like Chicago pizza. Think I want to stay and become obese!
  • #4,188
  • Aug 27, 2011 12:55am Aug 27, 2011 12:55am
Quoting kenfen69
That's the only reason you love life?

I love you because you're useless, and a bastard...you drunk useless bastard!

Forgot my phone at the hotel...going looking for mischief...don't wait up!

ps- ain't no pizza like Chicago pizza. Think I want to stay and become obese!
That isn't the only reason, that is every reason!

Enjoy the pizza! Never had myself! Sad I have yet to frequent Chicago only being several hours from it... C'est la vie.... soon enough!

Air do shlàinte!
  • #4,189
  • Aug 27, 2011 1:42am Aug 27, 2011 1:42am
Quoting Venice
That isn't the only reason, that is every reason!

Enjoy the pizza! Never had myself! Sad I have yet to frequent Chicago only being several hours from it... C'est la vie.... soon enough!

Air do shlàinte!
Is the glass half full, or half empty kind o thing, I guess.

U say..."I love life because what more is there..." (Half empty)
I say..."I love life because life is everything!" (Half full)

Being an arse. Probably just as drunk as you now...useless bastards!

Get yer ass to Chi-town...hell of a city! Great food...great night life. Lovely ladies! Slàinte!

20mins to type this fakker! Hows your wpm on an iphone?
  • #4,190
  • Aug 27, 2011 2:30am Aug 27, 2011 2:30am
Quoting kenfen69
That's the only reason you love life?

I love you because you're useless, and a bastard...you drunk useless bastard!

Forgot my phone at the hotel...going looking for mischief...don't wait up!

ps- ain't no pizza like Chicago pizza. Think I want to stay and become obese!

lol,

Ill def. have pizza tonight... loong time since I had one,
  • #4,191
  • Aug 27, 2011 5:17am Aug 27, 2011 5:17am
OK. I have a bit more time now to comment on yesterday's speech and the resultant effect in the market from a fundamental point of view.

Yesterday, I was busy trading the immediate effect and the atmosphere on the thread was not really conducive to proper commenting, a bit too much biatching going on. As that is now behind us, let me cover some of the highlights and what this means for us as trader.

Benny started his speech with the following nugget:

Quote
In the interim, however, the challenges for U.S. economic policymakers are twofold: first, to help our economy further recover from the crisis and the ensuing recession, and second, to do so in a way that will allow the economy to realize its longer-term growth potential. Economic policies should be evaluated in light of both of those objectives.

Now is he saying the FED will "help" the growth, or is he saying the FED's policy will help the growth or is he saying "we" the Americans.....


He answers that question quickly:

Quote
I will discuss the Federal Reserve's policy response

He then fills a few paragraphs with Blah blah blah, going on about tighter capital availability, having a go at commodity prices and throwing in a little earth quake.

He then gives us another (expected) nugget:

Quote
The Federal Reserve continues to monitor developments in financial markets and institutions closely and is in frequent contact with policymakers in Europe and elsewhere.

Swaps anyone????

He then restates what we already knew from the last FOMC meeting:

Quote
the target for the federal funds rate would be held at its current low levels for at least two more years.

He then gives us the biggest hint of all:

Quote
the Federal Reserve has a range of tools that could be used to provide additional monetary stimulus. We discussed the relative merits and costs of such tools at our August meeting. We will continue to consider those and other pertinent issues, including of course economic and financial developments, at our meeting in September, which has been scheduled for two days (the 20th and the 21st) instead of one to allow a fuller discussion.

Wow, a 2 day meeting, and he will be considering "those" tools further. The markets are thinking that the door for QE3 is still wide open, why else schedule a 2 day meeting and reiterate that "all" tools are still available to them....

He then gives a further caveat:

Quote
I do not expect the long-run growth potential of the U.S. economy to be materially affected by the crisis and the recession if--and I stress if--our country takes the necessary steps to secure that outcome

He then gives DC a little hint:

Quote
The quality of economic policymaking in the United States will heavily influence the nation's longer-term prospects. To allow the economy to grow at its full potential, policymakers must work to promote macroeconomic and financial stability; adopt effective tax, trade, and regulatory policies

Quote
U.S. fiscal policy must be placed on a sustainable path that ensures that debt relative to national income is at least stable or, preferably, declining over time

Yeah, yeah, whatever....

He then finishes with:

Quote
The Federal Reserve will certainly do all that it can to help restore high rates of growth and employment in a context of price stability.

So the speech was typical Benny, he had a bit of a stab at the policy makers in DC, making sure they understand that he favours debt control and tax incentives (hint, hint) while keeping the door open for the FED to give further stimulus to increase the flow of capital.

4Trn, balance sheet for the FED here we come??? So what Benny is doing is keeping an eye on DC to see if they listen and keeping the door wide open for another round of QE to be decided in September.

The markets reacted accordingly and will continue to do so till Sep 20/21. His speech should help us out of the range that we have been in, albight slowly till the hols are over in a week or so.

He will be keeping a close eye on the recovery of es/DOW, inflation and T-bills, if his little hints and speech do not give us the direction he is looking for, expect at least a mini QE, if the markets are feeling confident as there will be a possibility for QE and continue at least a halfway decent rally, with T-bills hovering roughly where they are now, we will not see a QE in Sep.

Now what does all of this mean for the dollar? A gentle and slow continued decline with the associated increase in EURUSD, 1.50 here we come.

Now on this side of the pond that will not be welcomed by Germany, and that may well be why Germany/France is refusing to increase the EFSF and will not be backing eurobonds, it is the only thing keeping the euro hitting 2.0. We are now seeing a PR/political rumour mill to keep the euro down on this side of the pond and that will continue. We could well see Greece hitting 20 on the back of the news yesterday (posted) that the swap deal there may not happen.

Equity wise in europe will see a continued drop of bank and financials, we will see a continued biatching from Germany/France and the euro will be on its way to 1.46 here in the next week or so.


That's it for me this Saturday, enjoy your weekend.
  • #4,192
  • Aug 27, 2011 7:34am Aug 27, 2011 7:34am
Quoting PipChick
Guys and Girls, I would like to apologize to everyone on the forum for my behavior today ESPECIALLY to ken who so graciously opened the thread. Magix ,I am sorry that I really get under your skin and to cloggie for sending the letter to twee. Sometimes I do things for the betterment of the people only to really fuck it up.Obviously this board wouldnt be what it is without a little drama, I just worry about those who maybe cant handle ridicule that they may eventually do something stupid especially if they are having personal problems in their lives.People...

PC...

A long time ago, when I was the green guy, you congratulated me for being able to hold my ground against the tyranny of other prickish seniors. I am that same guy, though may get viewed as one of them pricks now.

I have stated before that our intentions are the same, keeping the place clean while trying to assist others along the way and in there still finding some time to have a laugh with our online friends.

We are all of the underdogs and if you appreciate that at anytime we could all be easily wiped out of market, the only side we should be on, is our own.

I work a lot with others and take a lot of pride if I have helped somebody into profit or out of loss. If my efforts have afforded any individual one more day in the fight, I view this as success. There are a lot of traders who I have worked with that no longer have the ability to trade, while the ones who have survived are making names for themselves, some who have moved from part time trading into the world of being a professional.

In this, I have also challanged a lot of people in their thinking. I used to be a fucking terrible trader. I borrowed logic from a lot of bad people and I know that this is not the way to move on. Once you have picked up on bad market habits, it is incredibly tough to escape them and move on to good practices. So, the Senior traders I have put into question, I have done so for this reason. Sure, it has caused some ruffled feathers and yes, some of them have left because of it...but I can assure you, that my efforts match yours in intent.

The vouching system at the factory has been scrutinized repeatidly over my short time here and I am one of the ones who has done so as well. I now take my posting very seriously as well as the vouching system and who I will attach my name to. It isn't about giving one out so I can get one back. It isn't about wanting or needing thanks because I give away my little button of approval, it is about recognition for the efforts that people put in as well as encouragement for them to continue. When it turns into a popularity game, it is a mockery of the system and I get a little sensitive about it, might go a little over the top.

I commend you for your efforts in having the brass to post, as I will to everybody else who will take the time to share a chart or a few words. I appreciate the fact that you have been a hero to many, as well as put forth the efforts to start up a forum of your own, much the same as I give kudos to Ken for starting this thread. We all want a better place. We all want to move forward and improve. We all want a place to call home.

Thanks for this reply Kate.

Bygones.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #4,193
  • Aug 27, 2011 8:23am Aug 27, 2011 8:23am
Great commentary and level thinking there.....as an aside, I vote for all soap opera to PM....

Quoting cloggie
OK. I have a bit more time now to comment on yesterday's speech and the resultant effect in the market from a fundamental point of view.

Yesterday, I was busy trading the immediate effect and the atmosphere on the thread was not really conducive to proper commenting, a bit too much biatching going on. As that is now behind us, let me cover some of the highlights and what this means for us as trader.

Benny started his speech with the following nugget:



Now is he saying the FED will "help" the growth, or is he saying the FED's policy will help...
  • #4,194
  • Aug 27, 2011 8:30am Aug 27, 2011 8:30am
Quoting needpips
.....as an aside, I vote for all soap opera to PM....

Well, people better get used to the fact that this is the bastard thread, we take no prisoners.

As I said in an earlier post, get in, get out, or get out of our fecking way, we will run you over.

There ain't no feckin arse kissing in this place, we plan, we post, we trade. None of that pussyfooting around here. If one can't stand the feckin heat, get out of hell.


So no need to vote for PM, if anyone here wants to start a soap opera, he/she better get ready to get flattened fast. We will feckin chew them up and spit them out. No need to be gentle on this thread, the noobs can't post here anyways, and anyone worthy of 10V plus should be ready for that kind of treatment anyways.
  • #4,195
  • Aug 27, 2011 8:41am Aug 27, 2011 8:41am
Hey Cloggie,

you mentioned at one point, you're mining data. Does it contain price data as well? Do you do that manually? If not, how?
  • #4,196
  • Aug 27, 2011 9:02am Aug 27, 2011 9:02am
I just put them on Ignore...my point is contribution. I may not be a top trader by any stretch, but I post charts and analysis, As do most. Fukkin he said she said is sophomoric. Start a Jerry Springer thread.


Quoting cloggie
Well, people better get used to the fact that this is the bastard thread, we take no prisoners.

As I said in an earlier post, get in, get out, or get out of our fecking way, we will run you over.

There ain't no feckin arse kissing in this place, we plan, we post, we trade. None of that pussyfooting around here. If one can't stand the feckin heat, get out of hell.


So no need to vote for PM, if anyone here wants to start a soap opera, he/she better get ready to get flattened fast. We will feckin chew them up and spit them out. No need to be gentle...
  • #4,197
  • Aug 27, 2011 9:05am Aug 27, 2011 9:05am
Bias to the upside above 440 , however TL spotted on D1 providing resistance 600 - 640 in the coming week. Also 575 could give some resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUD1.jpg Size: 74 KB
Click to Enlarge Name: EUD12.jpg Size: 78 KB
  • #4,198
  • Aug 27, 2011 9:51am Aug 27, 2011 9:51am
I tried a couple of times to post my charts. Because I trade very differently and I look at other things than most here, I find it very difficult to explain my charts. They only make sense to me and it would take years to explain them to somebody else. So I'll continue to post my analysis in a story like fashion. It's the best I can do. Sorry guys.

Now bring it on.
  • #4,199
  • Aug 27, 2011 9:58am Aug 27, 2011 9:58am
Quoting attila
I tried a couple of times to post my charts. Because I trade very differently and I look at other things than most here, I find it very difficult to explain my charts. They only make sense to me and it would take years to explain them to somebody else. So I'll continue to post my analysis in a story like fashion. It's the best I can do. Sorry guys.

Now bring it on.
Id say post it....I extrapolated info from Kens charts....he didnt explain them at all....Id say its a help....if u feel like it.....I think by osmosis it contributes....FWIW
  • #4,200
  • Aug 27, 2011 10:01am Aug 27, 2011 10:01am
Quoting needpips
Id say post it....I extrapolated info from Kens charts....he didnt explain them at all....Id say its a help....if u feel like it.....I think by osmosis it contributes....FWIW
OK, I'll try it then. Here's an example if you missed it.

http://www.forexfactory.com/showthre...52#post4906852
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