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The Really Useless Thread

  • #6,821
  • Sep 1, 2011 12:17pm Sep 1, 2011 12:17pm
Here's what I meant earlier about correlation. Somebody's wrong today. Trouble is, while I can make a guess, I really don't know who.
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  • #6,822
  • Sep 1, 2011 12:23pm Sep 1, 2011 12:23pm
Quoting sisse
Done here early in a very decent day. I hope you all got something today too.
...

My TA view pre NFP and a very unconventional but interesting view of the current economic vs governments problems published in the last issue of the London Review of Books (The Non-Scenic Route to the Place We’re Going Anyway)....
...
sisse
Nice read Sisse

I would put more time into this thread, but my time on FF is becoming less and less for various reasons.
  • #6,823
  • Sep 1, 2011 12:24pm Sep 1, 2011 12:24pm
Quoting OldQuant
Here's what I meant earlier about correlation. Somebody's wrong today. Trouble is, while I can make a guess, I really don't know who.
Wow! Completely decoupled there.

If there's type left in your fingers...would love to hear your guess. It feels like my head would hurt too much trying to think about it and make my own guess (perhaps I should do it then), but yours would certainly be appreciated...and interesting.
  • #6,824
  • Sep 1, 2011 12:28pm Sep 1, 2011 12:28pm
Quoting OldQuant
Here's what I meant earlier about correlation. Somebody's wrong today. Trouble is, while I can make a guess, I really don't know who.
bond guys are always smarter...
Look Sharp/Trade Tight
  • #6,825
  • Sep 1, 2011 12:30pm Sep 1, 2011 12:30pm
Quoting PayTheLimit
bond guys are always smarter...
You said it, I didn't. I'll point out that 50 pips of dead cat bounce isn't much in the grand scheme of things.
  • #6,826
  • Sep 1, 2011 12:32pm Sep 1, 2011 12:32pm
wouldnt mind a test of 4249ish...
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Look Sharp/Trade Tight
  • #6,827
  • Sep 1, 2011 12:40pm Sep 1, 2011 12:40pm
still short some eur/chf... if it breaks this consolidation area its goin to see the devil himself
  • #6,828
  • Sep 1, 2011 12:47pm Sep 1, 2011 12:47pm
I think tom NFP and U/E willl both be huge misses....EU up- or EU dn
  • #6,829
  • Sep 1, 2011 12:48pm Sep 1, 2011 12:48pm
Quoting PayTheLimit
wouldnt mind a test of 4249ish...
I got my eye there too...kinda wanna hold to see if 1.4180-42 hits though Im ridin BE now so I just may....Maybe Asia will keep the drop going
  • #6,830
  • Sep 1, 2011 12:50pm Sep 1, 2011 12:50pm
Quoting fxjawn
.. if it breaks this consolidation area its goin to see the devil himself

...your funny..
Look Sharp/Trade Tight
  • #6,831
  • Sep 1, 2011 12:50pm Sep 1, 2011 12:50pm
Quoting PayTheLimit
...your funny..

...


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Look Sharp/Trade Tight
  • #6,832
  • Sep 1, 2011 12:51pm Sep 1, 2011 12:51pm
Quoting PayTheLimit
...your funny..
why u makin fun of me bro?

lol
  • #6,833
  • Sep 1, 2011 12:53pm Sep 1, 2011 12:53pm
Quoting needpips
I think tom NFP and U/E willl both be huge misses....EU up- or EU dn
I absolutely agree. Particularly the last part.

In the best of times, only cowboys and gamblers play NFP. In these times, only those whose coo coo clocks need cleaning should be on deck.
  • #6,834
  • Sep 1, 2011 12:55pm Sep 1, 2011 12:55pm
Quoting needpips
I got my eye there too...kinda wanna hold to see if 1.4180-42 hits though Im ridin BE now so I just may....Maybe Asia will keep the drop going
the monthly mid mofu looks like its given it up, or in the process of..the bounce and slop has been contained by the lower half...close above the upper lip 4331, with a good candle, and the bulls have it again...thats how I'm reading it right now...
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Look Sharp/Trade Tight
  • #6,835
  • Sep 1, 2011 12:58pm Sep 1, 2011 12:58pm
Quoting OldQuant
I absolutely agree. Particularly the last part.

In the best of times, only cowboys and gamblers play NFP. In these times, only those whose coo coo clocks need cleaning should be on deck.
yep....Im sure either the former or latter will occur
  • #6,836
  • Sep 1, 2011 1:05pm Sep 1, 2011 1:05pm
Oh, sh1t. Now we know why Lloyd hired that fancy defense attorney last week. From Z H:

"Rather interestingly to many of us, the 'pattern of misconduct and negligence' by Goldman Sachs' residential mortgage loan servicing sub Litton, has actually been pressed by The Fed.":

That language is only different by shallow gradient from that in the statues of civil - and criminal - RICO. Standing tall above the crowd is great until the politicians decide to open fire above the heads of the crowd.
  • #6,837
  • Sep 1, 2011 1:05pm Sep 1, 2011 1:05pm
Quoting OldQuant
I absolutely agree. Particularly the last part.

In the best of times, only cowboys and gamblers play NFP. In these times, only those whose coo coo clocks need cleaning should be on deck.

I learned my lesson in the bonds..I recall going in to the report with a position, long I think it was..anyway I put a stop in....think it was like 30 last with the little f up, then the number comes out and it goes 27,25,20,15,10,05,02,05,10,15... filled at 02..cost me a thousand in about 30secs...never traded NFP again...
Look Sharp/Trade Tight
  • #6,838
  • Sep 1, 2011 1:06pm Sep 1, 2011 1:06pm
Another long @ 1.4269
Disclaimer: Check your 1m charts
  • #6,839
  • Sep 1, 2011 1:07pm Sep 1, 2011 1:07pm
The question was raised at one point this week: Why the hell is Asia that passive atm? Why don't they even backfill the charts? Any ideas?
  • #6,840
  • Sep 1, 2011 1:08pm Sep 1, 2011 1:08pm
Now I have to really stop screwing around and get to work. Later.
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