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The Really Useless Thread

  • #10,881
  • Sep 9, 2011 12:20pm Sep 9, 2011 12:20pm
Step 1: Open barn door.

Step 2: Watch horse run out.

Step 3: "Please be informed that the CME/GLOBEX is increasing the margin requirement on the CHF future to $6,000 after the close today (following yesterday's increase to $5,000). Please visit the exchange website for additional information regarding exchange margin requirements."
  • #10,882
  • Sep 9, 2011 12:21pm Sep 9, 2011 12:21pm
Quoting cloggie
No worries, I got a new profile title out of it. Nobody can ever say now that I don't get something out of FF........

l8r


Very nice!

Enjoy yourself!
  • #10,883
  • Sep 9, 2011 12:22pm Sep 9, 2011 12:22pm
Quoting OldQuant
Step 1: Open barn door.

Step 2: Watch horse run out.

Step 3: "Please be informed that the CME/GLOBEX is increasing the margin requirement on the CHF future to $6,000 after the close today (following yesterday's increase to $5,000). Please visit the exchange website for additional information regarding exchange margin requirements."
I'm almost stuck for words.

How very interesting...is that for real, Q...or are you pulling legs?
  • #10,884
  • Sep 9, 2011 12:24pm Sep 9, 2011 12:24pm
Quoting kenfen69
I'm almost stuck for words.

How very interesting...is that for real, Q...or are you pulling legs?
Nope. That's real.
  • #10,885
  • Sep 9, 2011 12:29pm Sep 9, 2011 12:29pm
Quoting OldQuant
One question: The LIBOR counterparty spreads show the usual suspects, but the highest is Canadian Imperial by a wide margin. Has anyone heard anything about that name or about Canadian stress in general? Petro leverage, maybe? Or European exposure?
Sorry...missed your post earlier, Q...thread was hopping, I guess.

Canadian Imperial Bank of Commerce...aka...CIBC on the street.

Not entirely sure on what is causing them the stress, but I've been trying to find out a little, because they have been on top of that list for a while now. Royal Bank of Canada (RBC) is up there, too. I know there problems we're tied to trying to expand into the US at an alarming rate. They took over some weak banks...mostly South East States. Put their name on the arena in Raleigh, NC...then ran in to troubles. I believe they're dumping a lot of that off now.

CIBC...I haven't found the biggest source yet. Will poke around some more this weekend and see if I can up with some meat.

Enjoy your break from the fire today. No matter what else you're doing...it will help decompress, I'm sure.
  • #10,886
  • Sep 9, 2011 12:30pm Sep 9, 2011 12:30pm
Quoting OldQuant
Nope. That's real.
Ever seen that on the CHF before?
  • #10,887
  • Sep 9, 2011 12:35pm Sep 9, 2011 12:35pm
Quoting Venice
Bastard! hehe... lets see how 0465 plays out here. She'll be your new bottom if this thing has any want to continue to go up.
Dirty baxtard didn't make the leap!

Think I'm going to hold these for a while....maybe over the weekend. Will see...nothing in stone yet.
  • #10,888
  • Sep 9, 2011 12:37pm Sep 9, 2011 12:37pm
Quoting kenfen69
Ever seen that on the CHF before?
No. Haven't looked at margins in a week, but they're all way up. Think about that one: 125K CHF (dollar quoted, so CHF/USD). What's that do to futures leverage?

Basically though, they're matching C/U equal to E/U for obvious reasons.
  • #10,889
  • Sep 9, 2011 12:39pm Sep 9, 2011 12:39pm
Quoting OldQuant
No. Haven't looked at margins in a week, but they're all way up. Think about that one: 125K CHF (dollar quoted, so CHF/USD). What's that do to futures leverage?

Basically though, they're matching C/U equal to E/U for obvious reasons.
Eeeeeeeesh...is what it does, I guess.

Interesting happening. Fun seeing little bits of history being made each day.
  • #10,890
  • Sep 9, 2011 12:50pm Sep 9, 2011 12:50pm
Quoting kenfen69
Eeeeeeeesh...is what it does, I guess.

Interesting happening. Fun seeing little bits of history being made each day.
From the looks of the ZB and UB (long bond and ultra long bond), EUR (or the banks) had a near-death experience today. Not contract highs (they were reached on the 6th during the Swiss announcement), but the momentum was really something: more like impulse.

Pulled back a little now, but that of course can be seen in the EUR.
  • #10,891
  • Sep 9, 2011 12:55pm Sep 9, 2011 12:55pm
Nice profit for 1 day of trading. 15 pips risk, 250 pips gain. All out, wait for next week. Have a good weekend bastards.
  • #10,892
  • Sep 9, 2011 12:56pm Sep 9, 2011 12:56pm
Quoting cloggie
One of my big rules is the clock. Friday EU closed, I cover the book, no matter how appealing it may look. That rule has kept me out of more trouble in the last 20 years then many of the other ones.

As to es, I have been going on about 950 now for exactly a month.
Have an initial target of 968, with overshoot 938 :-)
  • #10,893
  • Sep 9, 2011 12:57pm Sep 9, 2011 12:57pm
If any German posters are present, or anyone else who might understand German political system: How long does something like this take to play out?

" ... according to the Spiegel, German FDP Party has just announced that it will seek a referendum on the ESM/EFSF."
  • #10,894
  • Sep 9, 2011 12:58pm Sep 9, 2011 12:58pm
In a bit of aud long still, any upside targets above 1.0475? I see 1.0526 higher as well, previous s/d zone
Don't have an ego. Always question yourself and your ability.
  • #10,895
  • Sep 9, 2011 1:00pm Sep 9, 2011 1:00pm
Quoting gatorinla
after a pullback, (L bounce below 69) from #1 completion... this would be #2 bull.. on the chart.. 3733.5.. testing upper mofu atm... not a trade recommendation
we didn't get a normal bounce from #1. im bearish. trying not to have a bias. the trend is lower. but not having the normal pullback for #1 is st bullish.
the chart shows #2 and a normal looking move.. dont know if we will get to or past 3733.5... this is a big monthly mid.. #3 predictive is 3879....we havent got to #3 mid area yet. so #2 move should be undistorted.
atm in the #2 mofu
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #10,896
  • Sep 9, 2011 1:01pm Sep 9, 2011 1:01pm
Quoting OldQuant
From the looks of the ZB and UB (long bond and ultra long bond), EUR (or the banks) had a near-death experience today. Not contract highs (they were reached on the 6th during the Swiss announcement), but the momentum was really something: more like impulse.

Pulled back a little now, but that of course can be seen in the EUR.
Certainly "felt" like the train was leaving the tracks. Pretty serious weekly candle, too. Nearly 2008 proportions...very well endowed!

Only a handful that size looking back, really....beautiful monster up bar in December 2008, though...1330ish in a week! I'd say the powers that be are quite happy to see the bleeding stop for today.
  • #10,897
  • Sep 9, 2011 1:05pm Sep 9, 2011 1:05pm
update on the count here, looks like some sort of bottom in place now while it works on wave iv
Attached Image (click to enlarge)
Click to Enlarge Name: 9sept11audshort.PNG Size: 50 KB
Don't have an ego. Always question yourself and your ability.
  • #10,898
  • Sep 9, 2011 1:06pm Sep 9, 2011 1:06pm
Quoting OldQuant
If any German posters are present, or anyone else who might understand German political system: How long does something like this take to play out?

" ... according to the Spiegel, German FDP Party has just announced that it will seek a referendum on the ESM/EFSF."
This a voting among the members of the FDP itself. Number of members: around 68.000, they need to ask 5% of it. So if the majority of the 5% says no to any more bailouts, they are going to send the result to... yes, who? Merkel?
  • #10,899
  • Sep 9, 2011 1:06pm Sep 9, 2011 1:06pm
Quoting gatorinla
a blood bath.. maybe a little support at 3626/05..... definitely not a trade recommendation..

imagine this... Greek tax revenue drying up. less money coming in.. imagine that. who would of thunk. and yet the solution is for the swiss and china to pull even more liquidity. lucy u got some splaining to do.
Hi Gator,

what a field day today :-)

EW wise and momentum wise we may have seen the wave 3 of a wave 3.

I suspect that we will see much of a bounce. Typical target would be now 3732 to 3763. After that we will drop in a wave 5, or wave 3 will extend.

Ideally should this whole downward move reach the area around 1.28 -1.29 before any meaningful bounce.

Hope my count is correct :-)
  • #10,900
  • Sep 9, 2011 1:10pm Sep 9, 2011 1:10pm
Quoting pkimnyc
Nice profit for 1 day of trading. 15 pips risk, 250 pips gain. All out, wait for next week. Have a good weekend bastards.
Fakkin A!

Nicely done, mate! Nice flip on the London move!

Cheers brother!
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