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The Really Useless Thread

  • #9,841
  • Sep 8, 2011 4:43am Sep 8, 2011 4:43am
Quoting Larseg
thats putting it nicely....

F BS
only reason I'm letting it run is my experience that my fed-up closing trades always equals the moment it moves.......
Don't be a hero. Don't have an ego. Always question yourself
  • #9,842
  • Sep 8, 2011 4:51am Sep 8, 2011 4:51am
Quoting USD-Bear
only reason I'm letting it run is my experience that my fed-up closing trades always equals the moment it moves.......

hehe, tends to be normal I reckon...

let me know will ya? when you are closing that is...
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  • #9,843
  • Sep 8, 2011 4:56am Sep 8, 2011 4:56am
Quoting Piters
GREEK GDP worst then expected in 4min...

GL

EDIT: - no event.. -7.3 vs -6.9%
Bad numbers in Greece are no event at all. Numbers can't be worse. Did you see the 10, 5 a 2 and CDS levels (keep breaking higher ...lol) and they are actually a pain for charting...left scale is fix at 3000 and soon will not fit anymore (is trading at 280x).

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #9,844
  • Sep 8, 2011 5:00am Sep 8, 2011 5:00am
Quoting sisse
Bad numbers in Greece are no event at all. Numbers can't be worse. Did you see the 10, 5 a 2 and CDS levels (keep breaking higher ...lol) and they are actually a pain for charting...left scale is fix at 3000 and soon will not fit anymore (is trading at 280x).

sisse

True, talk about hitting rock bottom...
  • #9,845
  • Sep 8, 2011 5:05am Sep 8, 2011 5:05am
lemme know when you close it
Quoting USD-Bear
only reason I'm letting it run is my experience that my fed-up closing trades always equals the moment it moves.......
  • #9,846
  • Sep 8, 2011 5:07am Sep 8, 2011 5:07am
Quoting Larseg
True, talk about hitting rock bottom...
The numbers are ridiculous. If they don't want to do it for the survival of the EZ and the future of the Greek population at least they should pull the plug on the Greek fairy tale just for the sake of charts ...

It is becoming a "modern" Greek tragedy in its own right...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #9,847
  • Edited 5:21am Sep 8, 2011 5:08am | Edited 5:21am
FXstreet.com (Barcelona) - The ECB is expected to keep its benchmark rate at 1.5% while Trichet will continue softening his hawkish tone, says David Song, Currency Analyst at DailyFX, who warns about a potential sell off for the Euro if ECB president hints at rate cuts, pressured by increasing concerns about Eurozone debt.

stating the bleedin' obvious, but good to be reminded that there is risk of high volatility over the coming few hours...

ecb pc live webcast link:

http://www.ecb.int/press/tvservices/...110908.en.html
  • #9,848
  • Sep 8, 2011 5:18am Sep 8, 2011 5:18am
Calm before the storm?
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  • #9,849
  • Sep 8, 2011 5:19am Sep 8, 2011 5:19am
Quoting hkkhanus
Calm before the storm?
sos same old s____ fill in the blank..
  • #9,850
  • Sep 8, 2011 5:20am Sep 8, 2011 5:20am
Quoting sisse
The numbers are ridiculous. If they don't want to do it for the survival of the EZ and the future of the Greek population at least they should pull the plug on the Greek fairy tale just for the sake of charts ...

It is becoming a "modern" Greek tragedy in its own right...

sisse

What I find very interesting is that; its a whole freakin country, people are working and there is no reason for them not to at least try to fix this before its too late...

I think there were less than 10 people which had a salary (registered salary) of more than 1 million euro...
  • #9,851
  • Sep 8, 2011 5:25am Sep 8, 2011 5:25am
hmm..
Quoting FibbinArchie
sos
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  • #9,852
  • Sep 8, 2011 5:25am Sep 8, 2011 5:25am
Quoting sisse
The numbers are ridiculous. If they don't want to do it for the survival of the EZ and the future of the Greek population at least they should pull the plug on the Greek fairy tale just for the sake of charts ...

It is becoming a "modern" Greek tragedy in its own right...

sisse
Agreed.

The markets gave up on Greece some time ago, which is evident from the 90%+ yield on 1-year paper. No one in their right mind believes they have a hope in hell of growing their way out of this mess, particularly when they're facing such strong austerity measures. Thus, GDP growth will continue to come in much weaker than official forecasts and the denominator of the debt/GDP ratio shrinks, placing the country on an even more unsustainable fiscal path.

Unfortunately, for the politicians, the markets are forcing the pace of this drama - not the 17 governments of the eurozone states, all of whom are playing heed to the domestic tabloid press and public opinion - and will continue to do so.

Nice thread, btw...

Paul
  • #9,853
  • Sep 8, 2011 5:26am Sep 8, 2011 5:26am
Quoting hkkhanus
hmm..
quite surprised at that, usually those types of interventions have started retracing within a few days...
  • #9,854
  • Sep 8, 2011 5:28am Sep 8, 2011 5:28am
Quoting Larseg
What I find very interesting is that; its a whole freakin country, people are working and there is no reason for them not to at least try to fix this before its too late...

I think there were less than 10 people which had a salary (registered salary) of more than 1 million euro...
From Economics point of view is too late IMO.

They need to take the bullet and sadly accept the unavoidable. Default, bankrupt, hit rock bottom with horrible social cost as many "innocents" will pay the price for the mismanagement and corruption of few.

After that, start from scratch thinking and building for the next generation....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #9,855
  • Sep 8, 2011 5:29am Sep 8, 2011 5:29am
I was thinking the same, i had a couple of positions in too
closed one for 60 and the other got hit at BE + something
GAwd that pissed me off, it came close to the stop many times and then away what a teaser that was.. Bitch!

Quoting FibbinArchie
quite surprised at that, usually those types of interventions have started retracing within a few days...
  • #9,856
  • Sep 8, 2011 5:32am Sep 8, 2011 5:32am
Quoting USD-Bear
Trying short @ 1.4078

Attachment
hehe closed @ 1.4046

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Don't be a hero. Don't have an ego. Always question yourself
  • #9,857
  • Sep 8, 2011 5:32am Sep 8, 2011 5:32am
Quoting sisse
From Economics point of view is too late IMO.

They need to take the bullet and sadly accept the unavoidable. Default, bankrupt, hit rock bottom with horrible social cost as many "innocents" will pay the price for the mismanagement and corruption of few.

After that, start from scratch thinking and building for the next generation....

sisse

Agree,

sure is going to be interesting to watch what happens the next 10-20 years...

pity, pity...
  • #9,858
  • Sep 8, 2011 5:40am Sep 8, 2011 5:40am
Quoting FibbinArchie
FXstreet.com (Barcelona) - The ECB is expected to keep its benchmark rate at 1.5% while Trichet will continue softening his hawkish tone, says David Song, Currency Analyst at DailyFX, who warns about a potential sell off for the Euro if ECB president hints at rate cuts, pressured by increasing concerns about Eurozone debt.

stating the bleedin' obvious, but good to be reminded that there is risk of high volatility over the coming few hours...

ecb pc live webcast link:

http://www.ecb.int/press/tvservices/...110908.en.html...
Yeap. don't forget the other side as Obama/FED is on later and not only nothing has improved since QE2 ended but has gone worse....

Key levels on the euro in play that can only be broken with FA and the Puppet Master of the pair in his, one before last, farewell conference can do the trick and leave office just before the boat sinks (like the master of all times Greenspan did it before the Housing bubble burst)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #9,859
  • Sep 8, 2011 5:40am Sep 8, 2011 5:40am
Quoting Larseg
Agree,

sure is going to be interesting to watch what happens the next 10-20 years...

pity, pity...
You will not recognize the world in 20 years.
  • #9,860
  • Sep 8, 2011 5:43am Sep 8, 2011 5:43am
welldone brother
Quoting USD-Bear
hehe closed @ 1.4046

Attachment
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